Sargent, Sims and RBI

It has become almost a fashion that the Nobel Prize winners get their reward long after they have made their contribution. It is said in a wry manner that seldom do the winners actually get to enjoy this recognition in their prime and end up ruminating over the same in their twilight years. Also, some of the winners become famous after the award while being in the shadow for most of their careers. However, the field of economics has been different, as it does recognise economists in their prime and for very relevant reasons.

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