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Nobel prize in economics winner announced

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Two professors from Harvard and MIT have been awarded the Nobel Prize in economics for contributions to contract theory — the agreements that shape business, finance and public policy.

Oliver Hart, a British economist teaching at Harvard, and Bengt Holmström, a Finnish economist teaching at MIT, were announced as the winners Monday by the Royal Academy of Sciences in Stockholm, Sweden.

Article source: http://rss.cnn.com/~r/rss/edition_business/~3/4K8JUW_a1OI/index.html