Word: nobels
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Dates: during 1970-1979
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...this year is already greater than during all of 1975. But the women's peace march is so hopeful a movement that a group of Norwegian newspapers has launched a campaign to raise $150,000 to give Williams and Corrigan a "people's peace prize" (the official Nobel committee decided last week not to award the peace prize this year). Said Williams: "The money would make one of my dreams come true. I would like to see a massive recreation center in Belfast. I feel our children have lost the art of playing, and I would love...
When he learned last week that the Swedish Royal Academy of Science had chosen him as this year's winner of the Nobel Prize in Economics, the University of Chicago's feisty Milton Friedman pronounced himself "happy and pleased." But, he added with characteristic bluntness, "it is not the pinnacle of my career. The true judges of my work are today's economists. " Brooklyn-born Friedman, 64, leader of the so-called Chicago School of monetarist economics, thus became the sixth American to win or share the tax-free $ 160,000 award since the prize in economics...
...Nobel committee cited Friedman for "independence and brilliance" as an economic thinker, and there, certainly, other economists would agree. In some ways, it was a peculiar award to come out of Stockholm, the capital of the West's most thoroughgoing welfare state. Politically, Friedman is the most conservative American economist of note today. In economic policy, he is committed to laissez-faire, free-market solutions. He has, in fact, not had-or sought-much influence even in the Republican-occupied White House since August 1971, when Richard Nixon announced a pay-price freeze to fight the Viet...
...What the Nobel committee clearly intended to honor was not Friedman's politics but his contributions to practical economic theory. "It is very rare," said Friedman's citation, "for an economist to wield such influence, directly and indirectly, not only on the direction of scientific research but also on actual policies." One of Friedman's most influential achievements goes back to the 1950s, when he refuted a once widely accepted element of Keynesian economics: the idea that rich people save a greater proportion of their incomes than do the poor. Among other implications, this meant that developing...
Stockholm's Royal Caroline Institute last week honored two leading U.S. virologists, Drs. Baruch S. Blumberg and D. Carleton Gajdusek, by jointly awarding them the 1976 Nobel Prize in physiology or medicine (total value...