Nobel Prizes
in Economic Sciences
The Sveriges Riksbank Prize in Economic Sciences in Memory of
Alfred Nobel has been awarded 48 times to 78 Laureates between 1969 and 2016.
Click on the links to get more information.
2016
Oliver Hart and
Bengt Holmström: “for
their contributions to contract theory”
2015
Angus Deaton: “for his analysis of consumption, poverty, and welfare”
2014
2013
Eugene F. Fama, Lars Peter Hansen and Robert
J. Shiller: “for their empirical analysis
of asset prices”
2012
Alvin E. Roth and
Lloyd S. Shapley: “for
the theory of stable allocations and the practice of market design”
2011
Thomas J. Sargent and Christopher A. Sims: “for their empirical research on cause and effect in the
macroeconomy”
2010
Peter A. Diamond, Dale T. Mortensen and Christopher
A. Pissarides: “for their analysis of
markets with search frictions”
2009
Elinor Ostrom: “for her analysis of economic governance, especially the
commons”
Oliver E. Williamson: “for his analysis of economic governance,
especially the boundaries of the firm”
2008
Paul Krugman: “for his analysis of trade patterns and location of economic
activity”
2007
Leonid Hurwicz, Eric S. Maskin and Roger
B. Myerson: “for having laid the
foundations of mechanism design theory”
2006
Edmund S. Phelps: “for his analysis of intertemporal tradeoffs in
macroeconomic policy”
2005
Robert J. Aumann and Thomas C. Schelling: “for having enhanced our understanding of conflict and
cooperation through game-theory analysis”
2004
Finn E. Kydland and Edward C. Prescott: “for their contributions to dynamic macroeconomics: the time consistency
of economic policy and the driving forces behind business cycles”
2003
Robert F. Engle III: “for methods of analyzing economic time series
with time-varying volatility (ARCH)”
Clive W.J. Granger: “for methods of analyzing economic time series
with common trends (cointegration)”
2002
Daniel Kahneman: “for having integrated insights from
psychological research into economic science, especially concerning human
judgment and decision-making under uncertainty”
Vernon L. Smith: “for having established
laboratory experiments as a tool in empirical economic analysis, especially in
the study of alternative market mechanisms”
2001
George A. Akerlof, A. Michael Spence and Joseph
E. Stiglitz: “for their analyses of
markets with asymmetric information”
2000
James J. Heckman: “for his development of theory and methods for
analyzing selective samples”
Daniel L. McFadden: “for his development of theory and methods for
analyzing discrete choice”
1999
Robert A. Mundell: “for his analysis of monetary and fiscal policy
under different exchange rate regimes and his analysis of optimum currency
areas”
1998
Amartya Sen: “for his contributions to welfare economics”
1997
Robert C. Merton and Myron S. Scholes: “for a new method to determine the value of derivatives”
1996
James A. Mirrlees and William Vickrey: “for their fundamental contributions to the economic theory
of incentives under asymmetric information”
1995
Robert E. 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”
1994
John C. Harsanyi, John F. Nash Jr. and Reinhard
Selten: “for their pioneering analysis of
equilibria in the theory of non-cooperative games”
1993
Robert W. Fogel and Douglass C. North: “for having renewed research in economic history by applying
economic theory and quantitative methods in order to explain economic and
institutional change”
1992
Gary S. Becker: “for having extended the domain of microeconomic analysis to
a wide range of human behaviour and interaction, including nonmarket behaviour”
1991
Ronald H. Coase: “for his discovery and clarification of the
significance of transaction costs and property rights for the institutional
structure and functioning of the economy”
1990
Harry M. Markowitz, Merton H. Miller and William
F. Sharpe: “for their pioneering work in
the theory of financial economics”
1989
Trygve Haavelmo: “for his clarification of the probability theory
foundations of econometrics and his analyses of simultaneous economic
structures”
1988
Maurice Allais: “for his pioneering contributions to the theory of markets
and efficient utilization of resources”
1987
Robert M. Solow
: “for his contributions to the theory of economic growth”
1986
James M. Buchanan Jr.: “for his development of the contractual and
constitutional bases for the theory of economic and political decision-making”
1985
Franco Modigliani: “for his pioneering analyses of saving and of
financial markets”
1984
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”
1983
Gerard Debreu: “for having incorporated new analytical methods into
economic theory and for his rigorous reformulation of the theory of general
equilibrium”
1982
George J. Stigler: “for his seminal studies of industrial
structures, functioning of markets and causes and effects of public regulation”
1981
James Tobin: “for his analysis of financial markets and their relations
to expenditure decisions, employment, production and prices”
1980
Lawrence R. Klein: “for the creation of
econometric models and the application to the analysis of economic fluctuations
and economic policies”
1979
Theodore W. Schultz and Sir Arthur Lewis: “for their pioneering research into economic development research
with particular consideration of the problems of developing countries”
1978
Herbert A. Simon: “for his pioneering research into the
decision-making process within economic organizations”
1977
Bertil Ohlin and
James E. Meade: “for
their pathbreaking contribution to the theory of international trade and
international capital movements”
1976
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”
1975
Leonid Vitaliyevich Kantorovich and Tjalling C. Koopmans: “for their contributions to the theory of optimum
allocation of resources”
1974
Gunnar Myrdal and
Friedrich August von 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”
1973
Wassily Leontief: “for the development of the input-output method
and for its application to important economic problems”
1972
John R. Hicks and
Kenneth J. Arrow: “for
their pioneering contributions to general economic equilibrium theory and
welfare theory”
1971
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”
1970
Paul A. 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”
1969
Ragnar Frisch and
Jan Tinbergen: “for
having developed and applied dynamic models for the analysis of economic
processes”
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