Nobel Prize awarded to U.S. economistsOctober 15, 2012 - 15:46 AMT PanARMENIAN.Net - The 2012 Nobel Prize for economics was awarded Monday, Oct 15 to economists from Harvard University and the University of California at Los Angeles, according to CNNMoney. Alvin E. Roth of Harvard and Lloyd S. Shapley of the UCLA were named recipients of the award - officially called the Sveriges Riksban Prize in Economic Sciences in memory of Alfred Nobel - at a news conference in Stockholm, Sweden. Roth and Shapley were honored for "the theory of stable allocations and the practice of market design," according to a statement from The Royal Swedish Academy of Scientists. A Nobel award in economics has been given since 1969. The honor has been bestowed on 71 people so far, including one woman. The Nobel Prizes, created by Alfred Bernhard Nobel, were first awarded in 1901. The 2012 Peace Prize, the most high-profile category, was awarded last week to the European Union. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |