New Delhi, Oct. 13 -- The 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, popularly known as the Economics Nobel Prize, has been awarded to Robert Hall and Michael Woodford. According to the press release, the award has been conferred for "microeconomic foundations of macroeconomic stabilisation". Woodford and Hall ask questions that are extremely important for public welfare. John Maynard Keynes had likened a broken economy to a car having defective magneto. Just as a seemingly unimportant mechanical defect can stall a car, similarly small technical problems can ground the entire economy to a halt. If we truly understand the science and art of economic stabilisation, we will have solved this 'magneto trouble'. ...