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What an economics Nobel Prize winner knows about pricing

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

What an economics Nobel Prize winner knows about pricing

The National Peace Council (NPC) has hailed the 2026 Nobel Peace Prize awarded to Navanethem Pillay, praising it as a reminder to Sri Lanka of its unfinished commitments. Expressing their congratulations to Ms. Pillay, the NPC highlighted her dedication to human rights, justice, and international law throughout her career. Born in South Africa, Ms. Pillay fought against apartheid and supported leaders like Nelson Mandela.

As a judge at the International Criminal Tribunal for Rwanda, she set important legal precedents on sexual violence as genocide and a crime against humanity. Serving as High Commissioner for Human Rights from 2008 to 2014, she emphasized accountability and the protection of fundamental freedoms. Currently, she sits on the International Court of Justice and was chosen as an ad hoc judge in Myanmar's case for genocide against the Rohingya minority.

For Sri Lanka, Ms. Pillay's tenure was particularly impactful. Her 2013 assessment of the rule of law, militarization, land, and accountability at the UN Human Rights Council led to the 2014 resolution demanding an international investigation. However, seventeen years later, her recommendations remain unmet. During the September 2026 Human Rights Council session in Geneva, the Sri Lankan government advocated for time limits on country-specific resolutions, including Sri Lanka's case, as they oppose the ongoing investigation.

This position overlooks the fact that addressing the concerns leading to those recommendations is crucial. The NPC urges the government to implement Ms. Pillay's recommendations, such as credible investigations into wartime violations, protection of victims and witnesses, demilitarization of northern and eastern regions, reform of laws undermining fundamental freedoms, and progress on truth, justice, reparations, and reconciliation.

Additionally, they stress the need to tackle ongoing issues with civic space, particularly concerning the proposed laws on terrorism, organized crime, and NGO registration. The NPC honors Ms. Pillay's role in institutionalizing international human rights law and reminds us that this framework must be defended and strengthened as powerful nations increasingly overlook international law.

Regardless of the challenges, Sri Lanka, like all nations, must uphold these principles and fulfill its human rights obligations.

Written by urgent.news from The Island Sri Lanka's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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