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Hungarian researcher wins Wolfson economics prize

Gergely Raccuja, a Hungarian graduate transport planner, has won this yearʼs GBP 250,000 Wolfson prize for a plan proposing a more efficient, pay-per-mile road toll scheme to improve the condition of the road network in the United Kingdom, according to Hungarian news agency MTI.

Raccuja, 27, was born in Budapest and has been living in Britain since 2011. He graduated from University College London in 2015 and has been working for an infrastructure consulting company in Birmingham since 2016.

The winning submission was selected from among 120 entries by researchers from seven countries.

The Wolfson economics prize is the second largest such recognition in the world after Nobel, and is sponsored by Lord Simon Wolfson, CEO of retailer Next plc., and run in partnership with the think tank Policy Exchange, according to Wikipedia. The prize invites new thinking to address major economic policy issues that arenʼt already subject to significant public discourse. This is the third time the award has been made, having previously been presented in 2012 and 2014.