CNN Money – Two American economists won the Nobel Prize for economics on Monday for their work studying how changes in government policies or economic shocks affect a nation’s economy. Thomas Sargent, a professor at New York University, and Christopher Sims, a professor at Princeton University, both 68, will share the award and the $1.49 million prize money for their work.
“We’re basically statistical historians,” Sargent said Monday. “We comb past economic events to give us clues what will happen in the future.
