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Nobel Prize in Economics

This year's winner of the Nobel Prize in Economics is Jean Tirole. Tirole is best known as someone who has formalised (in a mathematical sense) key concepts in microeconomics and industrial organisation. Click here to read Tyler Cowen's comprehensive post on Tirole's contribution to economics. Tirole played a large role in my education. I read / studied two of his books during my graduate studies - The Theory of Industrial Organization (1988) and The Prudential Regulation of Banks (1994). Notably, both of these books have stood the test of time - as will his book The Theory of Corporate Finance (2006).

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