Amartya Sen: The Enlightened Economist

Nobel laureate Amartya Sen has made fundamental contributions to at least four fields: social choice theory, welfare economics, economic measurement, and development economics.

Game Theory is used in Strategic Thinking

Game theory borrowed from Economics provides a useful framework to analyze bargaining, bidding and negotiations. Very few companies nowadays think about strategy without adding a bit of game theory.

Behavioral Economics has Never Been Hotter

In the span of a few decades, behavioral economics has managed to translate prospect theory — the groundbreaking work of psychologists Daniel Kahneman and Amos Tvserky — into an important theoretical supplement to classical economics.