In the 1970s, the U.S. economy was racked by oil shocks, runaway inflation and a weak labor market. In Minnesota, a young economist was trying to make sense of what was happening. He did, and in 2011, ...

STOCKHOLM (AP) -- Americans Thomas Sargent and Christopher Sims won the Nobel economics prize on Monday for research that sheds light on the cause-and-effect relationship between the economy and ...