From corporate pay to private prisons-lessons from the Nobelists on October 17, 2016 This year’s Nobel Prize in economics, the Royal Swedish Academy of Sciences announced Monday, will go to Oliver Hart and Bengt Holmstrom for “their contributions to contract theory.” Mr. Hart, born in Britain, is a professor at Harvard. Mr. Holmstrom, born in Finland, is a professor at MIT. To understand their work, start with […]