Monday, October 11

List of Nobel laureates in Economics

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. It is not one of the original five Nobel Prizes established by the 1895 will of Alfred Nobel for outstanding contributions in the fields of 
The announcement of the 2008 Nobel Memorial Prize in Economic 
Sciences in Stockholm. The winner of the prize was Paul Krugman.


chemistry, physics, literature, peace, and physiology or medicine, and is not technically a Nobel Prize. 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. In 2008, the prize was awarded to Paul Krugman, who received the prize amount of 10,000,000 SEK ($1.2 million). The award is presented in Stockholm at an annual ceremony on December 10, the anniversary of Nobel's death.
As of 2009, 41 Nobel Memorial Prizes in Economic Sciences have been given to 64 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 ten affiliated laureates in its Department of Economics. The first Nobel Prize in Economics to a woman, and the only one to date, was awarded in the year 2009.


Laureates

YearLaureateCountryRationale
1969Uio frisch 2006 0025.jpgRagnar Anton Kittil FrischNorway"for having developed and applied dynamic models for the analysis of economic processes"
Jan Tinbergen.jpgJan TinbergenNetherlands
1970Paul Samuelson.gifPaul SamuelsonUnited 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"
1971Kuznets portrait.jpgSimon KuznetsUnited 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"
1972John HicksUnited Kingdom"for their pioneering contributions to general economic equilibrium theory and welfare theory."
Kenneth Arrow, Stanford University.jpgKenneth ArrowUnited States
1973Leontief-Harvard.jpgWassily LeontiefUnited States"for the development of the input-output method and for its application to important economic problems"
1974Gunnar Myrdal - Sveriges styresmän.jpgGunnar MyrdalSweden"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."
Friedrich Hayek portrait.jpgFriedrich HayekUnited Kingdom/Austria
1975Leonid Kantorovich 1975.jpgLeonid KantorovichSoviet Union"for their contributions to the theory of optimum allocation of resources"
Tjalling KoopmansUnited States
1976MiltonFriedman.jpgMilton FriedmanUnited States"for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilisation policy"
1977Bertil OhlinSweden"for their pathbreaking contribution to the theory of international trade and international capital movements"
James MeadeUnited Kingdom
1978Herbert SimonUnited States"for his pioneering research into the decision-making process within economic organizations"
1979Theodore SchultzUnited States"for their pioneering research into economic development research with particular consideration of the problems of developing countries."
Arthur LewisSaint Lucia
1980Lawrence KleinUnited States"for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies"
1981James TobinUnited States"for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices"
1982George StiglerUnited States"for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation"
1983Debreu, Gérard (1921-2004).jpegGérard DebreuUnited States"for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium"
1984Richard StoneUnited Kingdom"for having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis"
1985Franco Modigliani.jpgFranco ModiglianiItaly"for his pioneering analyses of saving and of financial markets"
1986James M. BuchananUnited States"for his development of the contractual and constitutional bases for the theory of economic and political decision-making"
1987Robert SolowUnited States"for his contributions to the theory of economic growth"
1988Maurice AllaisFrance"for his pioneering contributions to the theory of markets and efficient utilization of resources"
1989Trygve HaavelmoNorway"for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures"
1990Harry MarkowitzUnited States"for their pioneering work in the theory of financial economics"
Merton Miller.jpgMerton MillerUnited States
William sharpe 2007.jpgWilliam Forsyth SharpeUnited States
1991Ronald CoaseUnited Kingdom"for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy"
1992GaryBecker-May24-2008.jpgGary BeckerUnited States"for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including non-market behaviour"
1993Robert William Fogel.jpgRobert FogelUnited States"for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change"
Douglass NorthUnited States
1994John HarsanyiUnited States"for their pioneering analysis of equilibria in the theory of non-cooperative games."
John f nash 20061102 3.jpgJohn Forbes NashUnited States
Reinhard Selten2.jpgReinhard SeltenGermany
1995Robert 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"
1996James MirrleesUnited Kingdom"for their fundamental contributions to the economic theory of incentives under asymmetric information"
William VickreyUnited States
1997Robert C. Merton.jpgRobert C. MertonUnited States"for a new method to determine the value of derivatives."
Myron Scholes 2008 in Lindau.pngMyron ScholesCanada
United States
1998Amartya Sen 20071128 cologne.jpgAmartya SenIndia"for his contributions to welfare economics"
1999Rmundell.jpgRobert MundellCanada"for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas"
2000James Heckman.jpgJames HeckmanUnited States"for his development of theory and methods for analyzing selective samples"
McFadden.jpgDaniel McFaddenUnited States"for his development of theory and methods for analyzing discrete choice"
2001George Akerlof.jpgGeorge AkerlofUnited States"for their analyses of markets with asymmetric information"
A Michael Spence.jpgMichael SpenceUnited States
Joseph Stiglitz.jpgJoseph E. StiglitzUnited States
2002Daniel KAHNEMAN.jpgDaniel KahnemanIsrael
United States
"for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty"
VernonSmith2.jpgVernon L. SmithUnited States"for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms"
2003Robert F. Engle.jpgRobert F. EngleUnited States"for methods of analyzing economic time series with time-varying volatility (ARCH)"
Clive GrangerUnited Kingdom"for methods of analyzing economic time series with common trends (cointegration)
2004Kydland.jpgFinn E. KydlandNorway"for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles."
Edward C. Prescott.jpgEdward C. PrescottUnited States
2005Aumann-1080b.jpgRobert AumannIsrael
United States
"for having enhanced our understanding of conflict and cooperation through game-theory analysis."
Thomas Schelling.jpgThomas SchellingUnited States
2006Edmund Phelps 2008-01-23.jpgEdmund PhelpsUnited States"for his analysis of intertemporal tradeoffs in macroeconomic policy"
2007Leonid Hurwicz.jpgLeonid HurwiczPoland
United States
"for having laid the foundations of mechanism design theory"
Eric Maskin at UCI.jpgEric MaskinUnited States
Myerson roger b print.jpgRoger MyersonUnited States
2008Paul Krugman-press conference Dec 07th, 2008-8.jpgPaul KrugmanUnited States"for his analysis of trade patterns and location of economic activity"
2009Nobel Prize 2009-Press Conference KVA-30.jpgElinor OstromUnited States"for her analysis of economic governance, especially the commons"
Oliver WilliamsonUnited States"for his analysis of economic governance, especially the boundaries of the firm"
2010Peter A. DiamondUnited States"for fundamental contributions to search and matching theory"
Dale T. MortensenUnited States
Christopher A. PissaridesUnited Kingdom and Cyprus





(source:wikipedia)

No comments:

Post a Comment