The Nobel Prize in Economic Sciences 2009 was awarded to Americans Elinor Ostrom and Oliver Williamson for their work in economic governance. Ostrom was the first woman to win the prize since it was founded in 1968, and the fifth woman to win a Nobel award this year — a Nobel record.

The Reserve Bank of Australia today launches its annual Economics Competition in conjunction with the UNSW Economics Society. The competition is for Australian university students and challenges them to examine important and topical economic issues affecting Australia.

“With great power comes great responsibility”, opined Spiderman’s uncle. Unfortunately it’s not a lesson that the leaders and employees of the world’s great financial institutions ever took on board. In their world power is money and responsibility is somebody else’s problem.

The worldwide financial crisis puts a new emphasis on infrastructure spending, seen by many governments as a way to head off economic downturn, and as a way of holding on to achievements made in the developing world.

Scientists have used a technique originally developed for economic study to become the first to overcome a significant challenge in brain research: determining the flow of information from one part of the brain to another.

A basic tenet of economics is that people always behave selfishly, or as the 18th century philosopher economist David Hume put it, "every man ought to be supposed to be a knave."

Off to buy a new handbag and fabulous red shoes, or how about overalls and a riding lawnmower? Before going, a mood check for signs of despair and gloom might be in order because how a person feels can impact routine economic transactions, whether he or she is aware of it or not.

A study published by Wiley-Blackwell in the Pacific Economic Review predicts that China will win at least 14% more medals in the 2008 Beijing Olympics – in comparison to the 144 medals won in 2004 – and narrow its medal-tally gap with the USA significantly.

For years residents of Cape Cod and the Islands have been promised that the Cape Wind project, a 25 square mile (the size of Manhattan Island) array of 130 440' tall wind turbines, would lower their electricity rates. Remember: “The Wind is Free?”

Wiley-Blackwell, the scientific, technical, medical and scholarly publishing business of John Wiley & Sons, Inc. today announced that they have formed two new publishing partnerships in the Asia-Pacific region. The world’s largest society publisher will publish Basic & Applied Pathology and Pacific Focus from 2008.

The significance of rugby and the All Blacks, runs deeper in New Zealand than just being a national pastime.

New figures show the U.S. economy grew at a fairly brisk pace during the third quarter of 2007. VOA White House Correspondent Paula Wolfson reports Bush administration officials give much of the credit to rising American exports.