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.
- Published:
- Updated:
Read more news
The Dean also rewards School of Business students for other merits besides excellent grades
The aim of the new Dean’s Impact Award is to show our appreciation for promoting sustainable development or action in line with Aalto’s values
Team of Interior Architect and Contemporary Design students won the Habitare Design competition 2023
The Habitare Design Competition is intended for students studying art, design, and architecture in Finland. This year ‘s theme of the competition was “Tools for togetherness”, which required the teams to design and implement new types of tools to promote togetherness and interaction on a human scale or more widely.
The MBA Alum of the Year Found Meaning Challenges in the Humanitarian Field – “I Have a Talent for Managing Crises”
The MBA Alum of the Year 2023 award has been granted to Päivi Hurttia who has pursued a career in journalism and communications, among other things. Hurttia recently returned from Ethiopia where she spent a year working at the International Committee of the Red Cross, ensuring the safety of humanitarian assistance to all regions.