CONGRATULATE BENGT HOLMSTRÖM, Massachusetts Institute of Technology (MIT), awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, together with Oliver Hart. Through their initial contributions, Hart and Holmström launched contract theory as a fertile field of basic research. Over the last few decades, they have also explored many of its applications. Their analysis of optimal contractual arrangements lays an intellectual foundation for designing policies and ins

57K views · 2.5K reactions | Twice a year, in January and November, the setting sun aligns perfectly with MIT’s 825-foot-long Infinite Corridor. Planetary scientist Richard Binzel describes MIThenge as “a major cultural moment on campus … when the heavens and MIT seem to align.” Video: Christopher Harting for MIT News | Massachusetts Institute of Technology (MIT) | Facebook