Nobel Prize in Economics to Bengt Holmström

Aalto University Board member, Professor Bengt Holmström, and his colleague, Professor Oliver Hart, were awarded the Nobel Prize for their contributions to contract theory. The new theoretical tools created by Holmström and Hart are valuable to the understanding of real-life contracts and institutions, as well as potential pitfalls in contract design.
Professor Bengt Holmström has been a member of the Board of Aalto University since its establishment.
“The Aalto University community congratulates Professor Bengt Holmström on his amazing achievement. The prize is a testament to his unique work. We are very lucky to have had his expertise at the University”, says Anne Brunila, Chair of the Board of Aalto University.
President of Aalto University, Tuula Teeri, agrees, "Bengt Holmström has long belonged to the top economists in the world. He participates actively in the public debate in Finland, especially in issues regarding science and education. It has been a pleasure to build the new Aalto University together with him."
Bengt Holmström, Ph.D., born 1949 in Finland, is Professor of Economics at Massachusetts Institute of Technology (MIT) in the United States and has previously worked as a Professor at Yale University. Holmström holds a number of posts of responsibility in academies, research institutes, and in industry.
Read more news

Adjunct Professor Stefan Werner named IEEE Fellow
He is being recognized for contributions to in-band full-duplex wireless communication systems and selective data-reuse online learning.
Yrjö Jahnsson Foundation Science Award to two doctors of development economics with long careers
Ritva Reinikka and Pertti Haaparanta share the Lifetime Achievement Award
Aalto Works energy solution awarded as Energy Genius of the Year 2022
The solution is based on connecting local production and the district heating system, as well as low heat and cold networks