This Nobel-winning idea has failed India | Curio

This Nobel-winning idea has failed India

6 mins | Oct 17, 2020

Paul Milgrom and Robert B. Wilson won the Prize in Economic Sciences 2020. The winners are specialists in “market design,” a field which, as Roth wrote in a famous paper, calls for “an engineering approach.” Mihir Sharma, from Bloomberg, explains why the celebrated 2020 Economics Nobel-winning idea has failed India — but why that's not necessarily a bad thing.

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From Bloomberg