David Card, Joshua Angrist, Guido Imbens win 2021 Nobel Economics Prize

Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize, the Royal Swedish Academy of Sciences said on Monday.

Canada-born Card took half the prize "for his empirical contributions to labour economics", the academy said. Angrist and Imbens shared the other half "for their methodological contributions to the analysis of causal relationships".

The prestigious prizes for achievements in science, literature and peace were created and funded in the will of Swedish dynamite inventor and wealthy businessman Alfred Nobel.

BREAKING NEWS:
The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded with one half to David Card and the other half jointly to Joshua D. Angrist and Guido W. Imbens.#NobelPrize pic.twitter.com/nkMjWai4Gn

— The Nobel Prize (@NobelPrize) October 11, 2021

They have been awarded since 1901, though the economics prize - created through a donation from Sweden`s central bank on its 300th anniversary - is a later addition that was first handed out in 1969.

While the economics award has tended to live in the shadow of the often already famous winners of the prizes for peace and literature, laureates over the years include a number of hugely influential economists, such as the Austrian-British Friedrich August von Hayek and American Milton Friedman.