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Bengt Holmström
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Bengt Holmström: MIT

No 2016-8, Nobel Prize in Economics documents from Nobel Prize Committee

Abstract: I was born in Helsinki in 1949. My sister Marianne was born in 1946. Our parents were married when the war against the Soviet Union ended in 1944. My father had spent five years on the front like so many young Finnish men. The post-war years were challenging socially and economically. The government had to arrange homes for over 400,000 refugees from regions lost in the war. In addition, Finland had to pay onerous reparation fees. Despite these hardships, I remember my early childhood as a happy time. There were plenty of children around to play with. We entertained ourselves with games of all sorts. There were few toys but our imagination more than filled the void. It taught me that material wealth is not essential for happiness.

Keywords: contract theory (search for similar items in EconPapers)
JEL-codes: D86 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his
Date: 2017
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