Who are Robert Hall and Michael Woodford, Nobel Prize-winning economists. American economists Robert E Hall and Michael Woodford won the Nobel Prize in Economics for their work on "microeconomic foundations of macroeconomic stabilisation". Hall, born in 1943, earned his PhD from Massachusetts Institute of Technology in 1967 and is a professor at Stanford University. Woodford, born in 1955, earned his PhD from MIT in 1983 and teaches at Columbia University.