100 YEARS UNWE
Обновено: Friday, 17 July 2020 13:12

Nobel Prize in Economic Sciences

Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

The Nobel Prizes have been awarded since 1901 in five scientific fields: Physics, Chemistry, Medicine, Literature and Peace. In 1968, Sveriges Riksbank /Sweden’s central bank/ established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. It is the only Prize not included in the testament of Swedish industrialist and philanthropist Alfred Nobel. It is conferred every year for significant intellectual contribution to the field of economic sciences and it is considered for one of the most prestigious prizes for economic research.

1969 - For having developed and applied dynamic models for the analysis of economic processes

Ragnar Frisch

/1895-1973/
University of Oslo - Norway

Jan Tinbergen

/1903-1994/
School of Economics - Rotterdam, Netherlands

1970 - 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

Paul A. Samuelson

/1915 – 2009/
Massachusetts Institute of Technology - USA

1971 - 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

Simon Kuznets

/1901-1985/
Harvard University  - USA

1972 - For their pioneering contributions to general economic equilibrium theory and welfare theory

John R. Hicks

/1904-1989/
All Souls College - Oxford, United Kingdom

Kenneth J. Arrow

/1921/
Harvard University - USA

1973 - For the development of the input-output method and for its application to important economic problems

Wassily Leontief

/1906-1999/
Harvard University, Cambridge - USA

1974 - 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

Gunnar Myrdal

/1898-1987/
Sweden

Friedrich August von Hayek

/1899-1992/
United Kingdom

1975 - For their contributions to the theory of optimum allocation of resources

Leonid Kantorovich

/1912-1986/
Academy of Sciences – Moscow, Russia

Tjalling C. Koopmans

/1910-1985/
Yale University - New Haven, USA

1976 - For his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy

Milton Friedman

/1912-2006/
University of Chicago - USA

1977 - For their pathbreaking contribution to the theory of international trade and international capital movements

Bertil Ohlin

/1899-1978/
School of Economics - Stockholm, Sweden

James E. Meade

/1907-1995/
University of Cambridge - United Kingdom

1978 - For his pioneering research into the decision-making process within economic organizations

Herbert A. Simon

/1916-2001/
Carnegie Mellon University - USA

1979 - For their pioneering research into economic development research with particular consideration of the problems of developing countries

Theodore W. Schultz

/1902-1998/
University of Chicago - USA

Sir Arthur Lewis

/1915-1991/
Princeton University - USA
/prize for the UK/

1980 - For the creation of econometric models and the application to the analysis of economic fluctuations and economic policies

Lawrence R. Klein

/1920/
University of Pennsylvania - USA
/prize for the USA/

1981 - For his analysis of financial markets and their relations to expenditure decisions, employment, production and prices

James Tobin

/1918-2002/
Yale University - New Haven, USA
/prize for the USA/

1982 - For his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation

George J. Stigler

/1911-1991/
University of Chicago - USA
/prize for the USA/

1983 - For having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium

Gerard Debreu

/1921-2004/
University of California - Berkeley, USA
/prize for the USA/

1984 - For having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis1984 - For having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis

Richard Stone

/1913-1991/
University of Cambridge - United Kingdom

/prize for the UK/

1985 - For his pioneering analyses of saving and of financial markets

Franco Modigliani

/1918-2003/
Massachusetts Institute of Technology - Cambridge, USA
/prize for the USA/

1986 - For his development of the contractual and constitutional bases for the theory of economic and political decision-making

James M. Buchanan Jr.

/1919/
Center for Study of Public Choice - Fairfax, USA
/prize for the USA/

1987 - For his contributions to the theory of economic growth

Robert M. Solow

/1924/
Massachusetts Institute of Technology - Cambridge, USA
/prize for the USA/

1988 - For his pioneering contributions to the theory of markets and efficient utilization of resources

Maurice Allais

/1911-2010/
École Nationale Supérieur des Mines de Paris - Paris, France

1989 - For his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures

Trygve Haavelmo

/1911-1999/
University of Oslo - Norway

1990 - For their pioneering work in the theory of financial economics

Harry M. Markowitz

/1927/
City University of New York - USA

Merton H. Miller

/1923-2000/
University of Chicago - USA

William F. Sharpe

/1934/
Stanford University - USA

1991 - For his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy

Ronald H. Coase

/1910/
University of Chicago – USA

/prize for the UK/

1992 - For having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour

Gary S. Becker

/1930/
University of Chicago - USA
/prize for the USA/

1993 - For having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change

Robert W. Fogel

/1926/
University of Chicago - USA
/prize for the USA/

Douglass C. North

/1920/
Washington University, St. Louis - USA
/prize for the USA/

1994 - For their pioneering analysis of equilibria in the theory of non-cooperative games

John C. Harsanyi

/1920-2000/
University of California, - Berkeley, USA
/prize for the USA/

John F. Nash Jr.

/1928/
Princeton University - USA
/prize for the USA/

Reinhard Selten

/1930/
Rheinische Friedrich-Wilhelms-Universität - Bonn,
/prize for the Federal Republic of Germany/

1995 - For having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy

Robert E. Lucas Jr.

/1937/
University of Chicago - USA
/prize for the USA/

1996 - For their fundamental contributions to the economic theory of incentives under asymmetric information

James A. Mirrlees

/1936 - 2018/
University of Cambridge - United Kingdom
/prize for the UK/

William Vickrey

/1914-1996/
Columbia University - New York, USA
/prize for the USA/

1997  - For a new method to determine the value of derivatives

Robert C. Merton

/1944/
Harvard University - Cambridge,USA
/prize for the USA/

Myron S. Scholes

/1941/
Long Term Capital Management - Greenwich, USA
/prize for the USA/

1998 - For his contributions to welfare economic

Amartya Sen

/1933/
Trinity College - Cambridge, United Kingdom
/prize for India/

1999 - For his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas

Robert A. Mundell

/1932/
Columbia University - New York, USA
/prize for Canada/)

2000 - For his development of theory and methods for analyzing selective samples

James J. Heckman

/1944/
University of Chicago - USA
/prize for the USA/

For his development of theory and methods for analyzing discrete choice

Daniel L. McFadden

/1937/
University of California - Berkeley, USA
/prize for the USA/

2001 - For their analyses of markets with asymmetric information

George A. Akerlof

/1940/
University of California - Berkeley, USA

Michael Spence

/1943/
Stanford University - USA
/prize for the USA/

Joseph E. Stiglitz

/1943/
Columbia University - New York, USA
/prize for the USA/

2002 - For having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty

Daniel Kahneman

/1934/
Princeton University - USA
/prize for the USA and Israel/

For having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms

Vernon L. Smith

/1927/
George Mason University - Fairfax, USA
/prize for the USA/

2003 - For methods of analyzing economic time series with time-varying volatility (ARCH)

Robert F. Engle III

/1942/
New York University - USA
/prize for the USA/

For methods of analyzing economic time series with common trends (cointegration)

Clive W.J. Granger

/1934/
University of California - San Diego, USA
/prize for the UK/

2004 - For their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles

Finn E. Kydland

/1943/
Carnegie Mellon University - Pittsburgh, USA, University of California - Santa Barbara, USA
/prize for Norway/

Edward C. Prescott

/1940/
Arizona State University - Tempe, USA, Federal Reserve Bank of Minneapolis, USA

/prize for the USA/

2005 - For having enhanced our understanding of conflict and cooperation through game-theory analysis

Robert J. Aumann

/1930/
Hebrew University of Jerusalem, Center for Rationality – Jerusalem, Israel
/prize for Israel and USA/

Thomas C. Schelling

/1921/
University of Maryland, Department of Economics and School of Public Policy - College Park, USA
/prize for the USA/

2006 - For his analysis of intertemporal tradeoffs in macroeconomic policy

Edmund S. Phelps

/1933/
Columbia University - New York, USA

2007 - For having laid the foundations of mechanism design theory

Leonid Hurwicz

/1917/
University of Minnesota - Minneapolis, USA

Eric S. Maskin

/1950/
Institute for Advanced Study - Princeton, USA

Roger B. Myerson

/1951/
University of Chicago - USA
/prize for the USA/

2008 - For his analysis of trade patterns and location of economic activity

Paul Krugman

/1953/
Princeton University - USA

2009 - For her analysis of economic governance, especially the commons

Elinor Ostrom

/1933/

Indiana University - Bloomington, USA, Arizona State University - Tempe, USA

For his analysis of economic governance, especially the boundaries of the firm

Oliver E. Williamson

/1932/
University of California - Berkeley, USA

2010 - For their analysis of markets with search frictions

Peter A. Diamond

/1940/
Massachusetts Institute of Technology - Cambridge, USA

Dale T. Mortensen

/1939/
Northwestern University - Evanston, USA, Aarhus University - Denmark

Christopher A. Pissarides

/1948/
London School of Economics and Political Science - United Kingdom

2011 - For their empirical research on cause and effect in the macroeconomy

Thomas J. Sargent

/1943/
New York University - USA

Christopher A. Sims

/1942/
Princeton University, Princeton, USA

2012 - For the theory of stable allocations and the practice of market design
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Alvin E. Roth

/1951/
Harvard University - Cambridge, USA, Harvard Business School - Boston, USA

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Lloyd S. Shapley

/1923/
University of California - Los Angeles, USA

2013 - For their empirical analysis of asset prices

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Eugene F. Fama

/1939/
University of Chicago - USA

Lars Peter Hansen

/1952/
University of Chicago - USA

Robert J. Shiller

/1946/
Yale University - New Haven, USA

2014 - For his analysis of market power and regulation

Jean Tirole

/1953/
Toulouse School of Economics - France

2015 - For his analysis of consumption, poverty, and welfare

Angus Deaton

/1946/
Princeton University - USA

2016 - For their contributions to contract theory

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Oliver Hart

/1948/

Harvard University - Cambridge, USA

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Bengt Holmström

/1949/
Massachusetts Institute of Technology - Cambridge, USA

2017 - For his contributions to behavioural economics

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Richard H. Thaler

/1945/
University of Chicago - USA

2018 - For integrating climate changes and technological innovations into long-run macroeconomic analysis

William D. Nordhaus

/1941/

Yale University - New Haven, USA

Paul M. Romer

/1955/
NYU Stern School of Business - New York, USA

2019 - For their experimental approach to alleviating global poverty

Abhijit Banerjee

/1961/

Massachusetts Institute of Technology - Cambridge, USA

Esther Duflo

/1972/

Massachusetts Institute of Technology - Cambridge, USA

Michael Kremer

/1964/

Harvard University - Cambridge, USA