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Capital and most populous city of Sweden
Stockholm is the capital and most populous city of Sweden, as well as the largest urban area in the Nordic countries. Approximately 1 million people live in the municipality, with 1.6 million in the urban area, and 2.5 million in the metropolitan area. The city stretches across fourteen islands where Lake Mälaren flows into the Baltic Sea. Outside the city to the east, and along the coast, is the island chain of the Stockholm archipelago. The area has been settled since the Stone Age, in the 6th millennium BC, and was founded as a city in 1252 by Swedish statesman Birger Jarl.
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The Royal Swedish Academy of Sciences announced the winners in Stockholm, saying the winners were being honored “for microeconomic foundations of macroeconomic stabilization.”
The Nobel memorial prize in economics is the last to be announced this year. The Royal Swedish Academy of Sciences will announce the winners Monday in Stockholm. Three researchers who
Two Americans have won the Nobel Prize in economics for their work on how to smooth boom-and-bust cycles to limit unemployment and inflation.