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Thursday, October 22, 2015

Nobel Laureates Of 2015--3

**-- LITERATURE:-- It is astonishing that this no one other than a journalist received Nobel Prize. Sixty-seven -year old Svetlana Alwxievich belongs to Belarus, in Eastern Europe. She is the first journalist of the world who got Nobel Prize. Actually she is an expert in writing biographies of those men and women who passed through some human-created trouble. She wrote biographies in such a manner and weaving the negative and positive passions of her characters that these were made literature masterpieces. She gave these biographies the shape of a book. She wrote the biographies of those men and women who faced the un natural calamities of World War II, Afghan Soviet War, Fall of Soviet Union and Chernobyl accident. She interviewed all the sufferers of these trgedies and shared their sorrows. Then she wrote their stories that were unique. She said that the humanity passed through such dreadful accidents and tragedys during twentieth century that could only be expressed and documented on the evidences of the actual sufferers of these accidents. Literature can not present these destructions in an effective way.
**-- ECONOMIC SCIENCES;-- The science of economics has two parts. Macroeconomics and microeconomics. There is a great difference between the two. If a government implements a new tax on factories and business, the macroeconomics experts try to know that how much negative or positive impacts does this tax has on national economic development. How many employment opportunities would it provide and so on so forth. But the experts of microeconomics see the economic problems and their details. They look at the affects of new tax on poor and wealth class and how would it bring its impacts on the middle class. The 2015 Noble Prize winner Angus Deaton in economic sciences is related to the microeconomics part of the economy. His research concentrated on the data related to domestic economy. With the help of the data he discovered that how these government taxes affect the people and in what way. And this impact is quite different from the already thought results. It is noteworthy that Angus Deaton is the critic of the critic of the economy policies of the wealthy and developed countries. He is of the view that these policies are in no way helping to decrease the poverty in the world. Specially, he thinks the AID extended to Arab countries on the basis of sympathy, weakens then economically. Deaton is at present professor of economics and international affairs at the American Princeton University.

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