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List of Nobel Prize winners in Economics

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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel,[1] commonly called the Nobel Prize in Economics, is a prize awarded each year for outstanding contributions in the field of economics. The prize was not one of the awards set out in the will of Alfred Nobel. The winners of the prize receive their diploma and gold medal from the Swedish monarch at the same December 10 ceremony in Stockholm as the Nobel laureates in physics, chemistry, physiology or medicine, and literature. The amount of money awarded is the same as the other prizes.

Winners

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Year Laureate Country Rationale Ph.D. alma mater Institution (most significant tenure/at time of receipt)
1969 Ragnar Frisch  Norway "for having developed and applied dynamic models for the analysis of economic processes"[2] University of Oslo University of Oslo
Jan Tinbergen  Netherlands Leiden University Erasmus University
1970 Paul Samuelson  United States "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"[3] Harvard University Massachusetts Institute of Technology
1971 Simon Kuznets  United States "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"[4] Columbia University Harvard University
1972 John Hicks  United Kingdom "for their pioneering contributions to general economic equilibrium theory and welfare theory."[5] University of Oxford University of Oxford
Kenneth Arrow  United States Columbia University Harvard University
1973 Wassily Leontief Soviet Union
 United States 		"for the development of the input-output method and for its application to important economic problems"[6] University of Berlin Harvard University
1974 Gunnar Myrdal  Sweden "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."[7] Stockholm University Stockholm University
Friedrich Hayek  Austria
 United Kingdom 		University of Vienna London School of Economics, University of Chicago
1975 Leonid Kantorovich Soviet Union "for their contributions to the theory of optimum allocation of resources"[8] Leningrad State University Novosibirsk State University
Tjalling Koopmans  Netherlands
 United States 		University of Leiden University of Chicago, Yale University
1976 Milton Friedman  United States "for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilisation policy"[9] Columbia University University of Chicago
1977 Bertil Ohlin  Sweden "for their pathbreaking contribution to the theory of international trade and international capital movements"[10] Stockholm University Stockholm School of Economics
James Meade  United Kingdom University of Cambridge University of Cambridge
1978 Herbert A. Simon  United States "for his pioneering research into the decision-making process within economic organizations"[11] University of Chicago Carnegie Mellon University
1979 Theodore Schultz  United States "for their pioneering research into economic development research with particular consideration of the problems of developing countries."[12] University of Wisconsin-Madison University of Chicago
W. Arthur Lewis  Saint Lucia
 United Kingdom 		London School of Economics Princeton University
1980 Lawrence Klein  United States "for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies"[13] Massachusetts Institute of Technology University of Pennsylvania
1981 James Tobin  United States "for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices"[14] Harvard University Yale University
1982 George Stigler  United States "for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation"[15] University of Chicago University of Chicago
1983 Gérard Debreu  France "for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium"[16] École Normale Supérieure
University of Paris 		University of California, Berkeley
1984 Richard Stone  United Kingdom "for having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis"[17] University of Cambridge University of Cambridge
1985 Franco Modigliani  Italy "for his pioneering analyses of saving and of financial markets"[18] The New School for Social Research Massachusetts Institute of Technology
1986 James M. Buchanan  United States "for his development of the contractual and constitutional bases for the theory of economic and political decision-making"[19] University of Chicago George Mason University
1987 Robert Solow  United States "for his contributions to the theory of economic growth"[20] Harvard University Massachusetts Institute of Technology
1988 Maurice Allais  France "for his pioneering contributions to the theory of markets and efficient utilization of resources"[21] École Polytechnique École Nationale Supérieure des Mines de Paris, Paris Nanterre University
1989 Trygve Haavelmo  Norway "for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures"[22] University of Oslo University of Oslo
1990 Harry Markowitz  United States "for their pioneering work in the theory of financial economics"[23] University of Chicago City University of New York
Merton Miller Johns Hopkins University Carnegie Mellon University, University of Chicago
William F. Sharpe University of California, Los Angeles Stanford University
1991 Ronald Coase  United Kingdom "for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy"[24] London School of Economics University of Chicago, London School of Economics
1992 Gary Becker  United States "for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including non-market behaviour"[25] University of Chicago University of Chicago
1993 Robert Fogel  United States "for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change"[26] Johns Hopkins University University of Chicago
Douglass North University of California, Berkeley Washington University in St Louis
1994 John Harsanyi  Hungary
 United States 		"for their pioneering analysis of equilibria in the theory of non-cooperative games."[27] Stanford University University of California, Berkeley
John Forbes Nash  United States Princeton University Princeton University
Reinhard Selten  Germany Goethe University Frankfurt University of Bonn
1995 Robert Lucas Jr.  United States "for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy"[28] University of Chicago University of Chicago
1996 James Mirrlees  United Kingdom "for their fundamental contributions to the economic theory of incentives under asymmetric information"[29] University of Cambridge University of Oxford, University of Cambridge
William Vickrey  Canada
 United States 		Columbia University Columbia University
1997 Robert C. Merton  United States "for a new method to determine the value of derivatives."[30] Massachusetts Institute of Technology Massachusetts Institute of Technology
Myron Scholes  Canada
 United States 		University of Chicago Massachusetts Institute of Technology
1998 Amartya Sen  India "for his contributions to welfare economics"[31] University of Cambridge Harvard University, University of Cambridge
1999 Robert Mundell  Canada "for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas"[32] Massachusetts Institute of Technology Columbia University
2000 James Heckman  United States "for his development of theory and methods for analyzing selective samples"[33] Princeton University University of Chicago
Daniel McFadden  United States "for his development of theory and methods for analyzing discrete choice"[33] University of Minnesota University of California Berkeley, Massachusetts Institute of Technology
2001 George Akerlof  United States "for their analyses of markets with asymmetric information"[34] Massachusetts Institute of Technology Georgetown University, University of California Berkeley
Michael Spence Harvard University Harvard University
Joseph E. Stiglitz Massachusetts Institute of Technology Princeton University, Columbia University
2002 Daniel Kahneman  Israel
 United States 		"for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty"[35] University of California, Berkeley Princeton University, University of British Columbia
Vernon L. Smith  United States "for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms"[35] Harvard University University of Arizona
2003 Robert F. Engle  United States "for methods of analyzing economic time series with time-varying volatility (ARCH)"[36] Cornell University University of California, San Diego
Clive Granger  United Kingdom "for methods of analyzing economic time series with common trends (cointegration)"[36] University of Nottingham University of California, San Diego
2004 Finn E. Kydland  Norway "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles."[37] Carnegie Mellon University Carnegie Mellon University
Edward C. Prescott  United States Carnegie Mellon University Carnegie Mellon University, Arizona State University
2005 Robert J. Aumann  United States
 Israel 		"for having enhanced our understanding of conflict and cooperation through game-theory analysis."[38] Massachusetts Institute of Technology Hebrew University of Jerusalem
Thomas C. Schelling  United States Harvard University Yale University, Harvard University
2006 Edmund S. Phelps  United States "for his analysis of intertemporal tradeoffs in macroeconomic policy"[39] Yale University Columbia University
2007 Leonid Hurwicz  Poland
 United States 		"for having laid the foundations of mechanism design theory"[40] London School of Economics University of Minnesota, Iowa State University
Eric S. Maskin  United States Harvard University Harvard University
Roger B. Myerson Harvard University Northwestern University
2008 Paul Krugman  United States "for his analysis of trade patterns and location of economic activity"[41] Massachusetts Institute of Technology Princeton University
2009 Elinor Ostrom  United States "for her analysis of economic governance, especially the commons"[42] University of California, Los Angeles Indiana University
Oliver E. Williamson "for his analysis of economic governance, especially the boundaries of the firm"[42] Carnegie Mellon University University of Pennsylvania, University of California Berkeley
2010 Peter A. Diamond  United States "for their analysis of markets with search frictions"[43] Massachusetts Institute of Technology Massachusetts Institute of Technology
Dale T. Mortensen Carnegie Mellon University Northwestern University
Christopher A. Pissarides  Cyprus London School of Economics London School of Economics
2011 Thomas J. Sargent  United States "for their empirical research on cause and effect in the macroeconomy"[44] Harvard University Hoover Institution, University of Minnesota
Christopher A. Sims Harvard University University of Minnesota
2012 Alvin E. Roth  United States "for the theory of stable allocations and the practice of market design."[45] Stanford University Stanford University, Harvard University
Lloyd S. Shapley Princeton University University of California, Los Angeles
2013 Eugene F. Fama  United States "for their empirical analysis of asset prices."[46] University of Chicago University of Chicago
Lars Peter Hansen University of Minnesota University of Chicago
Robert J. Shiller Massachusetts Institute of Technology Yale University
2014 Jean Tirole  France "for his analysis of market power and regulation".[47] Massachusetts Institute of Technology Massachusetts Institute of Technology
Toulouse School of Economics
École des hautes études en sciences sociales
2015 Angus Deaton  United Kingdom
 United States 		"for his analysis of consumption, poverty, and welfare".[48] University of Cambridge University of Bristol, Princeton University
2016 Oliver Hart  United Kingdom
 United States 		"for their contributions to contract theory".[49] Princeton University Massachusetts Institute of Technology, Harvard University
Bengt Holmström  Finland Stanford University Massachusetts Institute of Technology, Yale University
2017 Richard Thaler  United States "for his contributions to behavioural economics".[50] University of Rochester Cornell University, University of Chicago
2018 William Nordhaus  United States "for integrating climate change into long-run macroeconomic analysis"[51] Massachusetts Institute of Technology Yale University
Paul Romer "for integrating technological innovations into long-run macroeconomic analysis" University of Chicago New York University
2019 Abhijit Banerjee  United States
 India 		"for their experimental approach to alleviating global poverty"[52] Harvard University Massachusetts Institute of Technology
Esther Duflo  United States
 France 		Massachusetts Institute of Technology Massachusetts Institute of Technology
Michael Kremer  United States Harvard University Harvard University
2020 Paul Milgrom  United States "for improvements to auction theory and inventions of new auction formats." Stanford University Stanford University
Robert B. Wilson  United States Harvard University Stanford University
2021 David Card  Canada "for his empirical contributions to labour economics"[53] Princeton University Berkeley
Joshua Angrist  United States  Israel "for their methodological contributions to the analysis of causal relationships"[53] Princeton University MIT
Guido W. Imbens  United States  Netherlands Brown University Stanford University
2022 Ben Bernanke  United States "for research on banks and financial crises"[54] Massachusetts Institute of Technology Princeton University, Brookings Institution
Douglas Diamond Yale University University of Chicago
Philip H. Dybvig Yale University Washington University in St. Louis
2023 Claudia Goldin  United States "for having advanced our understanding of women's labour market outcome"[55] University of Chicago Harvard University
2024 Daron Acemoglu  Turkey
 United States 		"for studies of how institutions are formed and affect prosperity"[56] London School of Economics
Simon Johnson  United Kingdom
 United States 		Massachusetts Institute of Technology Massachusetts Institute of Technology
James A. Robinson  United Kingdom Yale University University of Chicago
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References

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  1. ↑ Until 2006, the prize was officially called the Bank of Sweden Prize in Economics in Memory of Alfred Nobel.
  2. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969". Nobel Foundation. Archived from the original on 2008-07-06. Retrieved 2008-10-14.
  3. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1970". Nobel Foundation. Archived from the original on 2008-06-11. Retrieved 2008-10-14.
  4. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1971". Nobel Foundation. Archived from the original on 2008-10-19. Retrieved 2008-10-14.
  5. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972". Nobel Foundation. Archived from the original on 2008-10-22. Retrieved 2008-10-14.
  6. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1973". Nobel Foundation. Archived from the original on 2008-09-23. Retrieved 2008-10-14.
  7. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974". Nobel Foundation. Archived from the original on 2008-09-28. Retrieved 2008-10-14.
  8. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1975". Nobel Foundation. Archived from the original on 2008-12-20. Retrieved 2008-10-14.
  9. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1976". Nobel Foundation. Archived from the original on 2008-04-12. Retrieved 2008-10-14.
  10. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1977". Nobel Foundation. Archived from the original on 2008-10-28. Retrieved 2008-10-14.
  11. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1978". Nobel Foundation. Archived from the original on 2008-11-04. Retrieved 2008-10-14.
  12. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1979". Nobel Foundation. Archived from the original on 2008-09-17. Retrieved 2008-10-14.
  13. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1980". Nobel Foundation. Archived from the original on 2008-12-07. Retrieved 2008-10-14.
  14. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1981". Nobel Foundation. Archived from the original on 2008-12-24. Retrieved 2008-10-14.
  15. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1982". Nobel Foundation. Archived from the original on 2008-11-04. Retrieved 2008-10-14.
  16. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1983". Nobel Foundation. Archived from the original on 2008-10-28. Retrieved 2008-10-14.
  17. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1984". Nobel Foundation. Archived from the original on 2008-11-04. Retrieved 2008-10-14.
  18. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1985". Nobel Foundation. Archived from the original on 2008-10-28. Retrieved 2008-10-14.
  19. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1986". Nobel Foundation. Archived from the original on 2008-10-12. Retrieved 2008-10-14.
  20. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1987". Nobel Foundation. Archived from the original on 2008-10-28. Retrieved 2008-10-14.
  21. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1988". Nobel Foundation. Archived from the original on 2008-10-28. Retrieved 2008-10-14.
  22. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1989". Nobel Foundation. Archived from the original on 2008-10-22. Retrieved 2008-10-14.
  23. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1990". Nobel Foundation. Archived from the original on 2008-10-11. Retrieved 2008-10-14.
  24. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1991". Nobel Foundation. Archived from the original on 2008-10-28. Retrieved 2008-10-14.
  25. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1992". Nobel Foundation. Archived from the original on 2008-10-28. Retrieved 2008-10-14.
  26. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1993". Nobel Foundation. Archived from the original on 2008-10-19. Retrieved 2008-10-14.
  27. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1994". Nobel Foundation. Archived from the original on 2008-10-17. Retrieved 2008-10-14.
  28. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1995". Nobel Foundation. Archived from the original on 2008-10-07. Retrieved 2008-10-14.
  29. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1996". Nobel Foundation. Archived from the original on 2008-10-28. Retrieved 2008-10-14.
  30. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1997". Nobel Foundation. Archived from the original on 2008-10-21. Retrieved 2008-10-14.
  31. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1998". Nobel Foundation. Archived from the original on 2014-10-11. Retrieved 2008-10-14.
  32. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1999". Nobel Foundation. Archived from the original on 2008-10-19. Retrieved 2008-10-14.
  33. ↑ 33.0 33.1 "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000". Nobel Foundation. Archived from the original on 2008-10-19. Retrieved 2008-10-14.
  34. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001". Nobel Foundation. Archived from the original on 2008-10-17. Retrieved 2008-10-14.
  35. ↑ 35.0 35.1 "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002". Nobel Foundation. Archived from the original on 2008-10-17. Retrieved 2008-10-14.
  36. ↑ 36.0 36.1 "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2003". Nobel Foundation. Archived from the original on 2008-10-17. Retrieved 2008-10-14.
  37. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2004". Nobel Foundation. Archived from the original on 2008-10-19. Retrieved 2008-10-14.
  38. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2005". Nobel Foundation. Archived from the original on 2008-10-17. Retrieved 2008-10-14.
  39. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2006". Nobel Foundation. Archived from the original on 2008-10-17. Retrieved 2008-10-14.
  40. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007". Nobel Foundation. Archived from the original on 2008-10-16. Retrieved 2008-10-14.
  41. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008". Nobel Foundation. Archived from the original on 2008-10-14. Retrieved 2008-10-14.
  42. ↑ 42.0 42.1 "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009". Nobel Foundation. Archived from the original on 2009-10-15. Retrieved 2009-10-12.
  43. ↑ "The Prize in Economic Sciences 2010". Nobel Foundation. Archived from the original on 2010-10-08. Retrieved 2010-10-11.
  44. ↑ "The Prize in Economic Sciences 2011". Nobel Foundation. Archived from the original on 2011-10-06. Retrieved 2011-10-10.
  45. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2012". Nobel Foundation. Archived from the original on 2013-05-17. Retrieved 2016-07-01.
  46. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013". Nobel Foundation. Archived from the original on 2017-06-02. Retrieved 2016-07-01.
  47. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2014". Nobel Foundation. Retrieved 2014-10-13.
  48. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2015". Nobel Foundation. Archived from the original on 2015-10-05. Retrieved 2015-10-12.
  49. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016". Nobel Foundation. Archived from the original on 2016-10-10. Retrieved 2016-10-10.
  50. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017". Nobel Foundation. Archived from the original on 2017-10-02. Retrieved 2015-10-09.
  51. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2018". Nobel Foundation. Retrieved 2018-10-08.
  52. ↑ Nobel Prize 2019 nobelprize.org
  53. ↑ 53.0 53.1 "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021". Nobel Foundation. Retrieved 2021-10-11.
  54. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022". Nobel Foundation. Retrieved 2022-10-10.
  55. ↑ Nobel Prize in Economics 2023
  56. ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024". Nobel Foundation. October 14, 2024. Retrieved October 14, 2024.

Other websites

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Nobel Prizes
Chemistry • Literature • Peace • Physics • Physiology or Medicine
Prize in memory of Alfred Nobel: Economics
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