Du måste aktivera javascript för att sverigesradio.se ska fungera korrekt och för att kunna lyssna på ljud. Har du problem med vår sajt så finns hjälp på http://kundo.se/org/sverigesradio/

A Nobel Laureate in his own words

Published onsdag 7 december 2016 kl 14.07
Dr. Hart: I would tell young people to tackle a challenging question
(3:57 min)
Dr. Oliver Hart at his home in Lexington, Massachusetts. Photo: Michael Dwyer/AP/TT
Dr. Oliver Hart at his home in Lexington, Massachusetts. Credit: Michael Dwyer/AP/TT

Just days before the Nobel Laurates receive their awards, Radio Sweden spoke to Oliver Hart, one of this year's winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Oliver Hart is one of the 2016 Nobel Laureates for his contributions to contract theory. He shares the prize with Bengt Holmström.

Dr. Hart explained that his work concerns contracts of complex character, for instance if conditions change over time then contracts need to be amended.

"When contracts are incomplete, who has residual control? Who has the right to make decisions about things that were not specified in the contract?," he explained.

Hart had a few words of wisdom for young people today:

"The advice I would give to young people is to tackle a challenging question as opposed to just doing little things," he said.

The Nobel Prize Award Ceremony and Banquet will be held on Saturday in Stockholm.

Our journalism is based on credibility and impartiality. Swedish Radio is independent and not affiliated to any political, religious, financial, public or private interests.
Har du frågor eller förslag gällande våra webbtjänster?

Kontakta gärna Sveriges Radios supportforum där vi besvarar dina frågor vardagar kl. 9-17.

Du hittar dina sparade avsnitt i menyn under "Min Lista".