PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Monday, October 13, 2014

French Economist Wins Nobel Prize

French economist Jean Tirole is seen at the Toulouse School of Economics (TSE) on October 13, 2014 in Toulouse. Tirole is a master of game theory and industrial organisation. (Remy Gabalda/AFP/Getty Images)

French economist Jean Tirole is seen at the Toulouse School of Economics (TSE) on October 13, 2014 in Toulouse. Tirole is a master of game theory and industrial organisation. (Remy Gabalda/AFP/Getty Images)

French economist Jean Tirole won the Nobel prize for economics Monday for research on market regulation that has helped policymakers understand how to deal with industries dominated by a few companies.

His work is credited with helping drive the deregulation of industries in developed economies in the 1980s and 1990s, when many sectors were dominated by state-owned companies or monopolies. More recently, however, Tirole has argued for stronger regulation of banks in the wake of the global financial crisis.

“I’m so moved,” the 61-year-old Tirole said, speaking to a news conference in Stockholm on a telephone link from Toulouse.

Tirole, who works at the Toulouse School of Economics in France and has a Ph.D. from Massachusetts Institute of Technology, is the third Frenchman to win the $1.1 million Nobel Memorial Prize in Economic Sciences and the country’s latest international economic star, a role usually reserved for U.S. or British thinkers raised on free-market ideals.

Planet Money‘s Stacey Vanek Smith joins Here & Now’s Robin Young to discuss Tirole’s contributions.

Guest


Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

May 23 29 Comments

The Politics Of Home Ownership

Author Brian McCabe finds that our belief about home ownership as a way to improve civic life doesn't necessarily pan out

May 23 15 Comments

How Political Cartoonists Are Watching The Presidential Campaign

For cartoonists Marshall Ramsey, Darrin Bell and Gary Varvel, it's been a mixture of hilarity and sadness.

May 20 2 Comments

Olympic Swimmer: After Russian Doping, ‘No Confidence’ Of Fair Competition In Rio

Olympic athletes from around the world are outraged at the latest doping allegations out of Russia.

May 20 12 Comments

Oklahoma Bill Criminalizing Abortion Is Most Likely Unconstitutional

The Oklahoma legislature has passed a bill making it a felony to perform an abortion, unless it is to save the life of the mother.