Source: Cobden Centre
by Dr. Frank Shostak
“The Nobel prize in economics for 2026 was awarded to Robert E. Hall and Michael Woodford. According to the Nobel committee, the laureates had developed macroeconomic models that significantly improved our ability to implement effective stabilization policies. The committee is of the view that on the basis of these models, well-timed fiscal and monetary policy measures can reduce the economy’s peaks and troughs. The models developed by the laureates are based on the ideas of English economist John Maynard Keynes. In the Keynesian framework, the output that an economy can generate with a given pool of resources i.e. labour, tools and machinery, and a given technology without causing inflation, is labelled as potential output.” (10/20/26)
https://www.cobdencentre.org/2026/10/nobel-prize-for-keynesian-economics/