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What an economics Nobel Prize winner knows about pricing

NPR | By Ailsa Chang,

Erika Ryan, Patrick Jarenwattananon

Published October 13, 2026 at 2:03 PM MDT

NPR's Ailsa Chang chats with Michael Woodford of Columbia University, who was one of two Americans awarded the Nobel Prize in Economics.

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National News from NPR

Ailsa Chang

Ailsa Chang is an award-winning journalist and a host of NPR’s newsmagazine All Things Considered, as well as NPR’s daily news podcast Consider This.

See stories by Ailsa Chang

Erika Ryan

Erika Ryan is a producer for All Things Considered.

Patrick Jarenwattananon

Host of NPR Music's A Blog Supreme

See stories by Patrick Jarenwattananon