Word: worked
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Dates: during 1980-1989
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While Haavelmo has lived for years in contented obscurity, many prominent economists welcomed his selection. Said Lawrence Klein of the University of Pennsylvania, who won the 1980 economics award for his work in econometrics: "Haavelmo had a tremendous influence on me and on many other young econometricians in the 1940s." Concurred Robert Solow of the Massachusetts $ Institute of Technology, the 1987 laureate: "It's like giving the Nobel Prize for Physics to Thomas Edison. You slap your forehead and wonder why they didn't do it sooner...
...unique to the award for economics. The Nobel Prizes were first given in 1901, but the economics citation was not added until 1969, when it was established by Sweden's central bank. That late start has prompted the Royal Swedish Academy of Sciences to choose many older economists whose work could not be recognized when it was first published. "They're clearing up the backlog," says Harvard economist Zvi Griliches, who hailed this year's choice. "They haven't got to the point of recognizing something interesting that happened in the past five years." But when such awards are finally...
Eight new laureates are honored for their work in econometrics, the genetic basis of cancer, the inner workings of cells, and precise measurements of time...
...grand visionary scheme has been more than two decades in the making, but this year it has come into full flower. Almost 30,000 people work in the World Financial Center, four stunning towers that won new laurels for internationally renowned architect Cesar Pelli and Canada-based developers Olympia & York. In the financial district, where the last broker to leave Wall < Street used to put out the cat each night, more than 6,000 residents have settled into the thicket of 19 new apartment buildings, creating a flourishing neighborhood. Upwards of 40 restaurants and glossy shops have followed. This week...
...semiconductor industry. In particular, Gilder's analysis attacks the conventional view that the U.S. blundered in letting Japan take over the market for mass-produced memory chips. As he points out, the key component for a computer is not hardware but software, the instructions that make the machine work. When programs like Lotus 1-2-3 made the personal computer a runaway success in the early 1980s, IBM and other firms made a strategic decision to let Japan supply the demand for memory chips that U.S. chipmakers could not meet. The Japanese built costly factories to fabricate an enormous supply...