NPR

A Nobel Prize for a revolution in economics

David Card, Joshua Angrist, and Guido Imbens win a Nobel Prize for revolutionizing how economics is done.
Goran K. Hansson (C), Permanent Secretary of the Royal Swedish Academy of Sciences, and Nobel Economics Prize committee members Peter Fredriksson (L) and Eva Mork (R) give a press conference to announce the winners of the 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Sure, winning the Nobel Prize in economics may be one of the crowning achievements of David Card's storied career. And, yeah, he gets to split more than a million dollars with the two other winners of the 2021 prize, Joshua Angrist and Guido Imbens. But that's just the cake. There's also the icing. David Card teaches at UC Berkeley, so for him becoming a Nobel laureate comes with an extra perk: free parking for life. Seriously.

"Yes, Professor Card, in addition to your Nobel Prize — and, indeed, because of it — I'm pleased to award you a highly coveted parking space near your office," said on the morning of the Nobel announcement. "I've been told that, like many Berkeley faculty members, you

You’re reading a preview, subscribe to read more.

More from NPR

NPR4 min readSocial History
What Abortion Politics Has To Do With New Rights For Pregnant Workers
A new regulation to protect the rights of pregnant workers is the subject of an anti-abortion lawsuit because it includes abortion as a pregnancy "related medical condition."
NPR2 min read
The Louvre Museum Looks To Rehouse The 'Mona Lisa' In Its Own Room — Underground
Louvre Director Laurence des Cars said her institution is looking at upgrading both the visitor experience surrounding the iconic painting as well as the museum overall.
NPR2 min read
Candace Parker, 3-time WNBA And 2-time Olympic Champion, Says 'It's Time' To Retire
After 16 seasons, two Olympic gold medals and three WNBA championships, Candace Parker announced her retirement from professional basketball on Sunday.

Related Books & Audiobooks