Nobel Perspectives Exploring the questions that shape our world

Do we really understand the most important forces driving the global economy?

A sound grasp of the markets is enough for many firms. But we love what we do. We want to go further, immersing ourselves in the detail and digging deeper into the theories that underpin modern economies and the lives of the people who developed them.

That's why we've interviewed dozens of Nobel Laureates in Economic Sciences - to discover more about their extraordinary work, and the experiences that made them who they are.

Over the next two years we'll be sharing a new Nobel Perspective every couple of weeks (or so). Enjoy exploring and come back soon to watch more.

How much freedom should politicians have?

James M. Buchanan
Nobel Laureate, 1986

If you believe in freedom of the individual, are rules necessary? How would society function without any laws? And left unchecked, would politicians make the right decisions about how to tax and spend the public’s money? As an economist, Buchanan’s work in this area created a completely new field of economics, called Public Choice.

Sir Arthur Lewis

Why does it not pay to exploit the poor?

Sir Arthur Lewis,
Nobel Laureate, 1979

Growing up in St. Lucia during First World War, Arthur Lewis spent much of his life considering what makes wealthy countries propser and why poor countries tend to remain poor for long periods of time - helping to create the field of development economics.

Theodore W Schultz

What’s the value of a human being?

Theodore W. Schultz
Nobel Laureate, 1979

Theodore W. Schultz believed that for a community to flourish, everybody needed skills and education - including farmers. It may sound obvious today, but his ideas challenged the economic assumptions of the time, and led directly to the idea of human capital.

Robert E. Lucas

Do other people's expectations affect our lives?

Robert E. Lucas
Nobel Laureate, 1995 

Robert E. Lucas’ work came to prominence in the mid-1970s after he questioned how effective government intervention was in economic policy, instead he preferred to look at people's behavior and choices.

Herbert A. Simon

How do we make decisions? 

Herbert A. Simon
Nobel Laureate, 1978 

Herbert A. Simon’s curiosity about how people make choices within complex and dynamic environments drove him to the idea of ‘bounded rationality’ - the conflict between the scale of the problems that people face and the human capability to make decisions.

How can we create better work and pension systems?

Peter A. Diamond
Nobel Laureate, 2010

Peter A. Diamond’s work has broadened our understanding of the labor market and social security, from his analysis of pension programs to his revolutionary insights into the way we search for work.

Want to see more Nobel Perspectives?

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For some of life’s questions,
you’re not alone

To make the right choices you need to ask the right questions. And when it comes to answering the financial ones, we can help.

Life’s Questions

It’s the important things - family, our values, the impact we have on other people - that unite us. And although making sense of it all can be hard, asking the right questions can make things a little clearer.