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 an award funded by
Sveriges Riksbank and is annually awarded 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 2023 prize, 55 Prizes in Economic Sciences have been given to 93 individuals.[5] As of October 2023, the department of economics with the most affiliated laureates in economic sciences is the
University of Chicago,[6][7] with 16 affiliated laureates. As of 2023, the institutions with the most PhD (or equivalent) graduates who went on to receive the prize are Harvard University and MIT (13 each), followed by the University of Chicago (10).
As of 2023, the institutions with the most affiliated faculty at the time of the award are the University of Chicago (15), followed by MIT, Princeton University, and Harvard University (8 each).
"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]
"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]
"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]
"for his achievements in the fields of
consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilisation policy"[14]
"for having made fundamental contributions to the development of systems of
national accounts and hence greatly improved the basis for empirical economic analysis"[22]
"for his discovery and clarification of the significance of
transaction costs and
property rights for the institutional structure and functioning of the economy"[29]
"for having renewed research in
economic history by applying economic theory and quantitative methods in order to explain economic and institutional change"[31]
"for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty"[40]
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 an award funded by
Sveriges Riksbank and is annually awarded 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 2023 prize, 55 Prizes in Economic Sciences have been given to 93 individuals.[5] As of October 2023, the department of economics with the most affiliated laureates in economic sciences is the
University of Chicago,[6][7] with 16 affiliated laureates. As of 2023, the institutions with the most PhD (or equivalent) graduates who went on to receive the prize are Harvard University and MIT (13 each), followed by the University of Chicago (10).
As of 2023, the institutions with the most affiliated faculty at the time of the award are the University of Chicago (15), followed by MIT, Princeton University, and Harvard University (8 each).
"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]
"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]
"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]
"for his achievements in the fields of
consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilisation policy"[14]
"for having made fundamental contributions to the development of systems of
national accounts and hence greatly improved the basis for empirical economic analysis"[22]
"for his discovery and clarification of the significance of
transaction costs and
property rights for the institutional structure and functioning of the economy"[29]
"for having renewed research in
economic history by applying economic theory and quantitative methods in order to explain economic and institutional change"[31]
"for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty"[40]