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A bust of Swedish chemist, engineer, inventor, businessman, and philanthropist Alfred Nobel (1833-1896) is pictured outside the Norwegian Nobel Institute in Oslo, Norway on January 8, 2026.
Jonathan Nackstrand | Afp | Getty Images
U.S. economists Robert E. Hall and Michael Woodford were on Monday awarded the Nobel prize in economics for work on the "microeconomic foundations of macroeconomic stabilisation."
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