List of Nobel Memorial Prize
laureates in Economics
Collected by Dr.Debesh Bhowmik
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
economics. Although not one of the original five Nobel Prizes established by
the 1895 will of Alfred Nobel, it is consistently identified with
them. The award was established and funded in 1968 by the Sveriges Riksbank, the central bank of Sweden, on the 300th anniversary
of the bank, and has been awarded annually since. The first award was given in
1969 to Ragnar Frisch and Jan Tinbergen. Each recipient receives a medal, a
diploma and a monetary award that has varied throughout the years. 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.
As of late
2013, 45 Nobel Memorial Prizes in Economic Sciences have been given to 74 individuals.
Seven awards have been given for contributions to the field of macroeconomics, more than any other category. The
institution with the most affiliated Nobel laureates in Economics is the University of Chicago,
which has 28 affiliated laureates.
Laureates
|
Year
|
Laureate
|
Country
|
Rationale
|
|
|
1969
|
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Norway
|
"for having developed and
applied dynamic models for the analysis of economic processes"
|
|
|
Netherlands
|
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|
1970
|
|
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"
|
|
|
1971
|
  |
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"
|
|
|
1972
|
United Kingdom
|
"for their pioneering
contributions to general economic
equilibrium theory and welfare theory."
|
||
 |
United States
|
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|
1973
|
Soviet Union
|
"for the development of the
input-output method and for its application to important economic
problems"
|
||
|
1974
|
 |
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."
|
|
  |
United Kingdom / Austria
|
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|
1975
|
 |
"for their contributions to
the theory of optimum allocation
of resources"
|
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|
United States / Netherlands
|
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|
1976
|
 |
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"
|
|
|
1977
|
 |
Sweden
|
"for their pathbreaking
contribution to the theory of international trade
and international capital
movements"
|
|
 |
United Kingdom
|
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|
1978
|
United States
|
"for his pioneering research
into the decision-making
process within economic organizations"
|
||
|
1979
|
United States
|
"for their pioneering
research into economic development research with particular consideration of
the problems of developing countries."
|
||
|
United Kingdom
|
||||
|
1980
|
United States
|
"for the creation of econometric models and the application to the
analysis of economic fluctuations and economic policies"
|
||
|
1981
|
United States
|
"for his analysis of financial markets and their relations to
expenditure decisions, employment, production and prices"
|
||
|
1982
|
United States
|
"for his seminal studies of
industrial structures, functioning of markets and causes and effects of public regulation"
|
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|
1983
|
 |
France
|
"for having incorporated new
analytical methods into economic theory and for his rigorous reformulation of
the theory of general equilibrium"
|
|
|
1984
|
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"
|
||
|
1985
|
 |
Italy
|
"for his pioneering analyses
of saving and of financial markets"
|
|
|
1986
|
 |
United States
|
"for his development of the
contractual and constitutional bases for the theory of economic and political
decision-making"
|
|
|
1987
|
 |
United States
|
"for his contributions to the
theory of economic growth"
|
|
|
1988
|
 |
France
|
"for his pioneering
contributions to the theory of markets and efficient utilization
of resources"
|
|
|
1989
|
 |
Norway
|
"for his clarification of the
probability theory foundations of econometrics and his analyses of simultaneous
economic structures"
|
|
|
1990
|
United States
|
"for their pioneering work in
the theory of financial economics"
|
||
|
United States
|
||||
 |
United States
|
|||
|
1991
|
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"
|
||
|
1992
|
 |
United States
|
"for having extended the
domain of microeconomic analysis to a wide range of human behaviour and interaction, including
non-market behaviour"
|
|
|
1993
|
 |
United States
|
"for having renewed research
in economic history
by applying economic theory and quantitative methods in order to explain
economic and institutional change"
|
|
|
United States
|
||||
|
1994
|
United States
|
"for their pioneering
analysis of equilibria in the theory of non-cooperative games."
|
||
 |
United States
|
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 |
Germany
|
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|
1995
|
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"
|
||
|
1996
|
United Kingdom
|
"for their fundamental
contributions to the economic theory of incentives under asymmetric
information"
|
||
|
United States / Canada
|
||||
|
1997
|
 |
United States
|
"for a new method to
determine the value of derivatives."
|
|
|
Canada / United States
|
||||
|
1998
|
 |
India
|
"for his contributions to welfare economics"
|
|
|
1999
|
 |
Canada
|
"for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of
optimum currency areas"
|
|
|
2000
|
 |
United States
|
"for his development of
theory and methods for analyzing selective samples"
|
|
 |
United States
|
"for his development of
theory and methods for analyzing discrete choice"
|
||
|
2001
|
United States
|
"for their analyses of
markets with asymmetric
information"
|
||
|
United States
|
||||
 |
United States
|
|||
|
2002
|
 |
Israel / United States
|
"for having integrated
insights from psychological research into economic science, especially
concerning human judgment and decision-making under uncertainty"
|
|
 |
United States
|
"for having established
laboratory experiments as a tool in empirical economic analysis, especially
in the study of alternative market mechanisms"
|
||
|
2003
|
 |
United States
|
"for methods of analyzing
economic time series with
time-varying volatility (ARCH)"
|
|
 |
United Kingdom
|
"for methods of analyzing
economic time series with common trends (cointegration)"
|
||
|
2004
|
 |
Norway
|
"for their contributions to
dynamic macroeconomics: the time consistency of economic policy and the
driving forces behind business cycles."
|
|
 |
United States
|
|||
|
2005
|
 |
Israel / United States
|
"for having enhanced our
understanding of conflict and cooperation through game-theory analysis."
|
|
 |
United States
|
|||
|
2006
|
 |
United States
|
"for his analysis of
intertemporal tradeoffs in macroeconomic policy"
|
|
|
2007
|
Poland / United States
|
"for having laid the
foundations of mechanism design
theory"
|
||
 |
United States
|
|||
  |
United States
|
|||
|
2008
|
 |
United States
|
"for his analysis of trade
patterns and location of economic activity"
|
|
|
2009
|
 |
United States
|
"for her analysis of economic
governance, especially the commons"
|
|
   |
United States
|
"for his analysis of economic
governance, especially the boundaries of the firm"
|
||
|
2010
|
United States
|
"for their analysis of markets with
search frictions"
|
||
|
United States
|
||||
|
2011
|
  |
United States
|
"for their empirical research
on cause and effect in the macroeconomy"
|
|
 |
United States
|
|||
|
2012
|
  |
United States
|
"for the theory of stable
allocations and the practice of market design."
|
|
  |
United States
|
|||
|
2013
|
United States
|
"for their empirical analysis
of asset prices."
|
||
 |
United States
|
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 |
United States
|
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