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Richard Thaler, Who Was Awarded The 2017 Nobel Prize In Economics, Supported Demonetisation
Richard H Thaler (Booth School of Business)
Richard H Thaler, the 72-year-old behavioural economics expert who was today (9 October) awarded the 2017 Nobel Prize in Economics for shedding light on how human traits systematically affect individual decisions as well as market outcomes, had expressed support for demonetisation.
“This is a policy I have long supported. First step toward cashless and good start on reducing corruption,” the 'Nudge' economist had said on the micro-blogging site. He, however, was not impressed with the introduction of Rs 2,000 note.
Also Read: The Real Logic Of Rs 2,000 Note: It’s A Stopgap Currency, Born To Die
Thaler, who is currently professor of behavioural science and economics at the University of Chicago, is the 79th recipient of the Nobel, which was announced by the Royal Swedish Academy of Sciences in Stockholm today.
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