| The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, generally regarded as the most prestigious award for that field. Although not one of the Nobel Prizes established by the will of Alfred Nobel in 1895, it is identified with them, and prizes are announced with and awarded at the same ceremony. The Prize in Economics was established in 1968 and endowed by Sweden's central bank, the Sveriges Riksbank, on the occasion of the bank's 300th anniversary. Like the Nobel Laureates in Chemistry and Physics, Laureates in Economics are selected by the Royal Swedish Academy of Sciences, and a Prize Committee similar to the Nobel Committees is used. It was first awarded in 1969 to the Dutch and Norwegian economists Jan Tinbergen and Ragnar Frisch, "for having developed and applied dynamic models for the analysis of economic processes." |
Check all the winners of Nobel Memorial Prize in Economic Sciences presented under Nobel Prize since 1969 .
Eugene Fama, Lars Peter Hansen, Robert J. Shiller(for their empirical analysis of asset prices) |
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Alvin E. Roth, Lloyd Shapley(for the theory of stable allocations and the practice of market design) |
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Thomas J. Sargent, Christopher A. Sims(for their empirical research on cause and effect in the macroeconomy) |
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Christopher A. Pissarides, Dale T. Mortensen, Peter Diamond(for their analysis of markets with search frictions) |
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Elinor Ostrom(for her analysis of economic governance, especially the commons) |
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Oliver E. Williamson(for his analysis of economic governance, especially the boundaries of the firm) |
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Paul Krugman(for his analysis of trade patterns and location of economic activity) |
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Leonid Hurwicz, Roger Myerson, Eric Maskin(for having laid the foundations of mechanism design theory) |
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Edmund Phelps(for his analysis of intertemporal tradeoffs in macroeconomic policy) |
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Robert Aumann, Thomas Schelling(for having enhanced our understanding of conflict and cooperation through game-theory analysis) |
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Finn E. Kydland, Edward C. Prescott(for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles) |
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Robert F. Engle(for methods of analyzing economic time series with time-varying volatility (ARCH)) |
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Clive Granger(for methods of analyzing economic time series with common trends (cointegration)) |
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Daniel Kahneman(for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty) |
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Vernon L. Smith(for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms) |
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George Akerlof, Joseph Stiglitz, Michael Spence(for their analyses of markets with asymmetric information) |
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James Heckman(for his development of theory and methods for analyzing selective samples) |
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Daniel McFadden(for his development of theory and methods for analyzing discrete choice) |
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Robert Mundell(for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas) |
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Amartya Sen(for his contributions to welfare economics) |
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Myron Scholes, Robert C. Merton(for a new method to determine the value of derivatives) |
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William Vickrey, James Mirrlees(for their fundamental contributions to the economic theory of incentives under asymmetric information.) |
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Robert Lucas, Jr.(for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy) |
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John Harsanyi, Reinhard Selten, John Forbes Nash, Jr.(for their pioneering analysis of equilibria in the theory of non-cooperative games) |
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Douglass North, Robert Fogel(for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change) |
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Gary Becker(for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour) |
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Ronald Coase(for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy) |
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Merton Miller, Harry Markowitz, William Forsyth Sharpe(for their pioneering work in the theory of financial economics) |
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Trygve Haavelmo(for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures) |
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Maurice Allais(for his pioneering contributions to the theory of markets and efficient utilization of resources) |
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Robert Solow(for his contributions to the theory of economic growth) |
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James M. Buchanan(for his development of the contractual and constitutional bases for the theory of economic and political decision-making)Nominations 1986 »
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Franco Modigliani(for his pioneering analyses of saving and of financial markets) |
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Richard Stone(for having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis.) |
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Gérard Debreu(for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium.) |
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George Stigler(for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation.) |
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James Tobin(for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices.) |
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Lawrence Klein(for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies.) |
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Arthur Lewis, Theodore Schultz(for their pioneering research into economic development research with particular consideration of the problems of developing countries.) |
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Herbert Simon(for his pioneering research into the decision-making process within economic organizations) |
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Bertil Ohlin, James Meade(for their pathbreaking contribution to the theory of international trade and international capital movements) |
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Milton Friedman(for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy) |
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Tjalling Koopmans, Leonid Kantorovich(for their contributions to the theory of optimum allocation of resources) |
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Gunnar Myrdal, Friedrich Hayek(for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena.) |
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Wassily Leontief(for the development of the input-output method and for its application to important economic problems) |
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Sir John Richard Hicks, Kenneth Arrow(for their pioneering contributions to general economic equilibrium theory and welfare theory) |
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Simon Kuznets(for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development) |
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Paul Samuelson(for the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science) |
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Ragnar Anton Kittil Frisch, Jan Tinbergen(for having developed and applied dynamic models for the analysis of economic processes) |
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