This year's Nobel Memorial Prize in Economics goes to Americans Alvin Roth and Lloyd Shapley for their work in allocation systems known as "market design."

The Nobel Prize committee announces their pick for this year's Nobel Peace Prize. The winner? The European Union.

At last some good news for Europe — racked by the worst economic crisis in its history, the European Union has just won the Nobel Peace Prize.

The Nobel Prize in Economics goes to Americans and a British/Cypriot citizen. Their work is timely: How economic policies affect unemployment….