TOPIC: GS PAPER II ECONOMIC
Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioural economics.
The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968. It was not part of the original group of awards set out in dynamite tycoon Nobel’s 1895 will.
Contributions of Richard Thaler:
What is behavioural economics?
QUESTION ARISING FROM THIS NEWS:
Q1) Recently Richard Thaler won Noble Economic Prize. What is the contribution of this personality in economics? Explain
Sources: TH, TOI
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