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Thr in terms of discouraging new business. we're not close to the limit. there was a time we had 70% taxation rates. >> joining us is mit economic professor, this year's co winner of the noble prize in economics. her book is "good economics for hard times." co authored with her husband who is also the co winner of this year's nobel prize in economics. thank you very much for joining us tonight. >> thank you so much. >> it must have been so exciting for you and your husband, first husband and wife team to get the nobel prize in economics. get the phone call early sunday morning? >> yes. a wonde...

Taxation rates. >> joining us is mit economic professor, this year's co winner of the nobel prize innic thaumices. her book is "good economics for hard times." co authored with her husband who is also the co winner of this year's nobel prize in economics. thank you very much for joining us tonight. >> thank you so much. >> it must have been so exciting for you and your husband, first husband and wife team to get the nobel prize in economics. get the phone call early sunday morning? >> yes. a wonderful way to be woken up at 5:00 a.m. >> and people don't realize how the nobel works. >> no hints ...

Had 70% taxation rates. >> joining us now is mit economics professor esther duflo. this year's co-winner of the nobel prize in economics. her book is "good economics for hard times" co-authored with her husband who is also the co-winner of this year's nobel prize in economics. thank you very much for joining us tonight. really appreciate it. >> thank you so much. >> it must've been so exciting for you and your husband. first husband-wife team in get the prize in nobel economics. getting that call early morning is it? >> yes. it was incredible way to be woken up at 5:00 a.m. >> yes. and you hav...

Suddenly discover you were the nobel prize winners? >> yes, it was pretty incredible to be woken up at 5:00 a.m. >> you have no hint it's coming. people don't know how the nobel works. >> no hint whatsoever. >> there are no nominee. let's go to what bill gates just said because it's one of the central elements of your book. the republican argument is, of course, you must not tax anyone more than we're taxing them. if you tax these rich executives more they'll just work less. it will be a disincentive to work if we tax them at the highest level. there's bill gates. there's no one who's worked h...