Man From Missouri Wins Nobel Prize In Economics

A Nobel Prize in economics goes to a Missouri professor. Philip Dybvig, of Washington University in St. Louis, gets the prize for his 1983 research about banks and financial crises. Dybvig says he put his phone on “Do Not Disturb” and awoke in the morning to a flood of messages from people telling him that he won. He thought they were either prank calls or the Royal Swedish Academy actually awarded him the prize…

Dybvig, a University of Chicago professor, and former Federal Reserve Chairman Ben Bernanke will split the 886-thousand-dollar prize money.