Patrick Horan is a research fellow at the George Mason University Mercatus Center.
The Nobel Memorial Prize in Economic Sciences was awarded this week to economists Douglas Diamond, Philip Dybvig
Former Federal Reserve Chair Ben Bernanke for their research on banking and financial crises.
All three of them have authored significant studies that have revolutionised financial and monetary economics.
Bernanke is the most well-known of the winners. Although he worked on a wide range of macroeconomic subjects.
The Great Depression is particularly mentioned in the Nobel news release.