BREAKINGVIEWS — Nobel winners' economic synthesis is best outgrown

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Jon Sindreu LONDON, Oct 12 (Reuters Breakingviews) — Robert Hall and Michael Woodford shared the 2026 prize for reconciling the dismal science’s rival schools. Yet demand shortfalls, financial forces and balance-sheet constraints exposed the limits of a framework built on rational expectations. Economics is better off as a result. Full view will be published shortly. Follow Jon Sindreu on X and LinkedIn. Context News The Royal Swedish Academy of Sciences announced on October 12 that it was awarding the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2026 to Stanford University professor Robert E. Hall and Columbia University professor Michael Woodford "for demonstrating how economic models could be reconstructed to revitalise stabilisation policy." (Editing by Peter Thal Larsen; Production by Maya Nandhini) ((For previous columns by the author, Reuters customers can click on SINDREU/ mailto:Jon.Sindreu@thomsonreuters.com)