Baku – APA. Jean Tirole, a French economist known for his work on regulating competition among businesses, won the 2014 Nobel Prize in economics on Monday, New York Times reported.
Mr. Tirole, 61, a professor at the Toulouse School of Economics, has provided insight into “taming powerful firms,” the Royal Swedish Academy of Sciences said in announcing the award.
The past winners of the economics prize are an eclectic group that includes people with no formal training in economics and members of rival schools of economic thought.
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