Nobel Prize Chemistry 2021

Nobel Prize Chemistry 2021

Another milestone in scientific progress.

German national Benjamin List and Scottish-born David MacMillan won the 2021 Nobel Prize for Chemistry.

The duo developed new tools for building molecules that have helped to make new drugs, that are environmentally friendly.

Most of us are not aware of the product life cycle of new drugs.

The key ingredients are molecules.

For drugs either currently used or new drugs.

Often these molecules are procured from plants or from other biological sources.

Synthesizing molecules and making them usable in drugs is a complex and risky process.

Often drug production requires a lot of trials and validation and these molecules.

If the molecules are not environment friendly it is not good in the long term.

The molecules should be biodegradable.

Here below are more details.

https://www.reuters.com/lifestyle/science/list-macmillan-win-2021-nobel-prize-chemistry-2021-10-06/

Please check “Unseen the decoy effect

Natural Experiments and Nobel Prize in Economy

Natural Experiments and Nobel Prize in Economy

The 2021 Nobel Prize in Economic Sciences, went to three economists who are U.S Based.

This made the topic of ‘Natural Experiments’ more interesting.

I am sure a lot of people will be curious to know about “Natural Experiments”

Is it the end of the road? For the Argument of “high minimum wages” and its effects?

Maybe not!!

At least as per the research, it looks like high minimum wages definitely will be not the crucial factor for a company to fall down.

Common sense to believe Natural experiments need not be true for all contexts.

As such, each economy operates with certain cultural baggage, skill sets, political situation, Governance provided by the Government, Corporate Governance, etc. However.

if we think for the long term. The research will help companies increase minimum wages to reduce inequality in the world.

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