[https://edition.cnn.com/2020/10/12/business/nobel-prize-economics/index.html](https://edition.cnn.com/2020/10/12/business/nobel-prize-economics/index.html) This year's Laureates in Economic Sciences started out with fundamental theory and later used their results in practical applications, which have spread globally.

"Nobel Prize in economics awarded to Paul Milgrom and Robert Wilson for auction theory."