Portal:Business/Did you know/3

• ...that Robert Solow, a Nobel Laureate American economist, was awarded the National Medal of Science in 1989 for "his creation of the modern framework for analyzing the effects of investment and technological progress on economic growth"?

• ... that David Ricardo formulated the principle of comparative advantage in his "On the Principles of Political Economy and Taxation" book?

• ... that the Heckscher–Ohlin model was developed by Bertil Ohlin in 1933?

• ... that the term lean manufacturing was coined in the book The Machine that Changed the World?

• ... that the Nobel Memorial Prize in Economic Sciences was not created by the will of Alfred Nobel?

• ... that the Federal Reserve System was created in the aftermath of the panic of 1907?

• ... that Manufacturing resource planning was developed at IBM?