Washington: Soon after Prime Minister Narendra Modi told his stunned compatriots last November that two high denomination bills would no longer be legal tender, Richard Thaler, who won the Nobel Prize in Economics today, said it was “a good start on reducing corruption.”
Thaler’s Twitter account isn’t verified. But it does have a link to his page on the website of Chicago’s Booth School of Business.
US economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work bridging the gap between economics and psychology.
This is a policy I have long supported. First step toward cashless and good start on reducing corruption. https://t.co/KFBLIJSrLr
— Richard H Thaler (@R_Thaler) November 8, 2016
The Economic Nobel, last of the Nobel prizes to be awarded this year, went to him for his work “on understanding the psychology of economy. ”
The Sveriges Riksbank (Swedish National Bank) Prize in Economic Sciences in Memory of Alfred Nobel was first awarded in 1969,Thaler who is from the University of Chicago was awarded the prize for his contributions to behavourial economics.