List of Nobel Memorial Prize laureates in Economics

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The announcement of the 2008 Nobel Memorial Prize in Economic Sciences in Stockholm. The winner of the prize was Paul Krugman.

The Nobel Memorial Prize in Economic Sciences, officially known as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is awarded annually by the Royal Swedish Academy of Sciences to researchers in the field of economic sciences.[1] The first prize was awarded in 1969 to Ragnar Frisch and Jan Tinbergen.[2] Each recipient receives a medal, a diploma and a monetary award that has varied throughout the years.[3] In 1969, Frisch and Tinbergen were given a combined 375,000 SEK, which is equivalent to 2,871,041 SEK in December 2007. The award is presented in Stockholm at an annual ceremony on December 10, the anniversary of Nobel's death.[4]

As of the awarding of the 2014 prize, 46 Nobel Memorial Prizes in Economic Sciences have been given to 75 individuals.[5] Up to 2007, nine awards had been given for contributions to the field of macroeconomics, more than any other category.[6] The institution with the most affiliated laureates in economic sciences is the University of Chicago, which has 28 affiliated laureates.[7]

Laureates

Year Laureate Country Rationale
1969 Uio frisch 2006 0025.jpg Ragnar Frisch  Norway "for having developed and applied dynamic models for the analysis of economic processes"[2]
Jan Tinbergen 1982.jpg Jan Tinbergen  Netherlands
1970 Paul Samuelson.gif 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"[8]
1971 75px 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"[9]
1972 John Sutton (1).jpg John Hicks  United Kingdom "for their pioneering contributions to general economic equilibrium theory and welfare theory."[10]
75px Kenneth Arrow  United States
1973 75px Wassily Leontief Soviet Union
 United States
"for the development of the input-output method and for its application to important economic problems"[11]
1974 Gunnar Myrdal - Sveriges styresmän.jpg 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."[12]
Friedrich Hayek portrait.jpg Friedrich Hayek  Austria
 United Kingdom
1975 Leonid Kantorovich 1975.jpg Leonid Kantorovich Soviet Union "for their contributions to the theory of optimum allocation of resources"[13]
TjallingKoopmans1967.jpg Tjalling Koopmans  Netherlands
 United States
1976 Portrait of Milton Friedman.jpg 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"[14]
1977 Bertil Ohlin.jpg Bertil Ohlin  Sweden "for their pathbreaking contribution to the theory of international trade and international capital movements"[15]
James Meade Nobel.jpg James Meade  United Kingdom
1978 Herbert simon red complete.jpg Herbert A. Simon  United States "for his pioneering research into the decision-making process within economic organizations"[16]
1979 75px Theodore Schultz  United States "for their pioneering research into economic development research with particular consideration of the problems of developing countries."[17]
Arthur Lewis (Nobel photo).jpg Arthur Lewis  Saint Lucia
 United Kingdom
1980 Lawrence Klein.jpg Lawrence Klein  United States "for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies"[18]
1981 James Tobin.png James Tobin  United States "for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices"[19]
1982 George Stigler.jpg George Stigler  United States "for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation"[20]
1983 Debreu, Gérard (1921-2004).jpeg Gérard Debreu  France "for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium"[21]
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"[22]
1985 Franco Modigliani.jpg Franco Modigliani  Italy "for his pioneering analyses of saving and of financial markets"[23]
1986 James Buchanan by Atlas network.jpg James M. Buchanan  United States "for his development of the contractual and constitutional bases for the theory of economic and political decision-making"[24]
1987 Robert Solow by Olaf Storbeck.jpg Robert Solow  United States "for his contributions to the theory of economic growth"[25]
1988 ALLAIS PN Maurice-24x30-2001b.jpg Maurice Allais  France "for his pioneering contributions to the theory of markets and efficient utilization of resources"[26]
1989 Trygve Haavelmo.jpg Trygve Haavelmo  Norway "for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures"[27]
1990 Harry Markowitz  United States "for their pioneering work in the theory of financial economics"[28]
Merton Miller
William sharpe 2007.jpg William F. Sharpe
1991 Coase scan 10 edited.jpg 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"[29]
1992 GaryBecker-May24-2008.jpg 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"[30]
1993 Robert William Fogel.jpg 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"[31]
Douglass North.jpg Douglass North
1994 John Harsanyi  United States "for their pioneering analysis of equilibria in the theory of non-cooperative games."[32]
John f nash 20061102 3.jpg John Forbes Nash
Reinhard Selten2.jpg Reinhard Selten  Germany
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"[33]
1996 James Mirrlees  United Kingdom "for their fundamental contributions to the economic theory of incentives under asymmetric information"[34]
William Vickrey  Canada
 United States
1997 Robert C. Merton.jpg Robert C. Merton  United States "for a new method to determine the value of derivatives."[35]
Myron Scholes 2008 in Lindau.png Myron Scholes  Canada
 United States
1998 Amartya Sen 20071128 cologne.jpg Amartya Sen  India "for his contributions to welfare economics"[36]
1999 Rmundell.jpg Robert Mundell  Canada "for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas"[37]
2000 James Heckman.jpg James Heckman  United States "for his development of theory and methods for analyzing selective samples"[38]
McFadden.jpg Daniel McFadden  United States "for his development of theory and methods for analyzing discrete choice"[38]
2001 George Akerlof.jpg George Akerlof  United States "for their analyses of markets with asymmetric information"[39]
A Michael Spence.jpg Michael Spence
Joseph Stiglitz.jpg Joseph E. Stiglitz
2002 Daniel KAHNEMAN.jpg Daniel Kahneman  Israel
 United States
"for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty"[40]
VernonSmith2.jpg 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"[40]
2003 Robert F. Engle.jpg Robert F. Engle  United States "for methods of analyzing economic time series with time-varying volatility (ARCH)"[41]
Clive Granger by Olaf Storbeck.jpg Clive Granger  United Kingdom "for methods of analyzing economic time series with common trends (cointegration)"[41]
2004 Kydland.jpg Finn E. Kydland  Norway "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles."[42]
75px Edward C. Prescott  United States
2005 75px Robert J. Aumann  United States
 Israel
"for having enhanced our understanding of conflict and cooperation through game-theory analysis."[43]
Thomas Schelling.jpg Thomas C. Schelling  United States
2006 Edmund Phelps 2008-01-23.jpg Edmund S. Phelps  United States "for his analysis of intertemporal tradeoffs in macroeconomic policy"[44]
2007 Leonid Hurwicz.jpg Leonid Hurwicz  Poland
 United States
"for having laid the foundations of mechanism design theory"[45]
Eric Maskin at UCI.jpg Eric S. Maskin  United States
Myerson roger b print.jpg Roger B. Myerson
2008 Paul Krugman-press conference Dec 07th, 2008-8.jpg Paul Krugman  United States "for his analysis of trade patterns and location of economic activity"[46]
2009 Nobel Prize 2009-Press Conference KVA-30.jpg Elinor Ostrom  United States "for her analysis of economic governance, especially the commons"[47]
Nobel Prize 2009-Press Conference KVA-42.jpg Oliver E. Williamson "for his analysis of economic governance, especially the boundaries of the firm"[47]
2010 Peter Diamond cropped.jpg Peter A. Diamond  United States "for their analysis of markets with search frictions"[48]
Dale Mortensen.jpg Dale T. Mortensen
Christopher Pissarides.jpg Christopher A. Pissarides  Cyprus
2011 Nobel Prize 2011-Press Conference KVA-DSC 7770.jpg Thomas J. Sargent  United States "for their empirical research on cause and effect in the macroeconomy"[49]
Nobel Prize 2011-Press Conference KVA-DSC 7720.jpg Christopher A. Sims
2012 Al Roth, Sydney Ideas lecture 2012d.jpg Alvin E. Roth  United States "for the theory of stable allocations and the practice of market design."[50]
Shapley, Lloyd (1980) crop.jpg Lloyd S. Shapley
2013 75px Eugene F. Fama  United States "for their empirical analysis of asset prices."[51]
Lars Peter Hansen photo in 2007.jpg Lars Peter Hansen
Robert Shiller - World Economic Forum Annual Meeting 2012.jpg Robert J. Shiller
2014 Jean Tirole.jpg Jean Tirole  France "for his analysis of market power and regulation".[52]
2015 Angus Deaton 0182.jpg Angus Deaton  United Kingdom
 United States
"for his analysis of consumption, poverty, and welfare".[53]

See also

References

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  50. http://www.nobelprize.org/nobel_prizes/economics/laureates/2012/
  51. http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2013/
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External links