Portal:Business/Did you know/3
...that
Robert Solow
, a
Nobel Laureate
American
economist
, was awarded the
National Medal of Science
in
1989
for "
his creation of the
modern framework
for analyzing the effects of investment and technological progress on economic growth
"?
... that
David Ricardo
formulated the principle of
comparative advantage
in his "
On the Principles of Political Economy and Taxation
" book?
... that the
Heckscher–Ohlin model
was developed by
Bertil Ohlin
in 1933?
... that the term
lean manufacturing
was coined in the book
The Machine that Changed the World
?
... that the
Nobel Memorial Prize in Economic Sciences
was not created by the will of
Alfred Nobel
?
... that the
Federal Reserve System
was created in the aftermath of the
panic of 1907
?
... that
Manufacturing resource planning
was developed at
IBM
?