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BY Author

Nobel Prize in Economics

Sr. No.YearNameCountryWork
Sr. No.:
1
Year :
1969
Name:
Ragnar Rrisch & Jan Tinbergan
Country:
Norway & Tinbergen
Work:
-
Sr. No.:
2
Year :
1970
Name:
Paul A. Samuelson
Country:
U.S
Work:
for efforts to raise the level of scientific analysis in economic theory.
Sr. No.:
3
Year :
1971
Name:
Simon Kuznets
Country:
U.S
Work:
for developing concept of using a country's gross national product to determine its economic growth.
Sr. No.:
4
Year :
1972
Name:
Kenneth J. Arrow & Sir John R. Hicks
Country:
U.S & UK
Work:
for theories that help to assess business risk and government economic and welfare policies.
Sr. No.:
5
Year :
1973
Name:
Wassly Leontif
Country:
U.S
Work:
for devising the Input-Output technique to determine how different sectors of an economy interact.
Sr. No.:
6
Year :
1974
Name:
Gunner Myrdel & Friedrich A. Von Hayek
Country:
Sweden & U.K
Work:
for pioneering analysis of the interdepence of economic, social, and institutional phenomena.
Sr. No.:
7
Year :
1975
Name:
Leonld V. Kantorovich & Tjalling C. Koopsman
Country:
U.S.S.R & U.S
Work:
for work on theory of optimum allocation of resources.
Sr. No.:
8
Year :
1976
Name:
Milton Friedman
Country:
U.S
Work:
for work in consumption analysis and monetary history and theory and for demonstration of complexity of stabilization policy.
Sr. No.:
9
Year :
1977
Name:
Bertil Ohlin & James E. Meade
Country:
Sweden & U.K
Work:
for contributions to theory of international trade and international capital movements.
Sr. No.:
10
Year :
1978
Name:
Herbert A. Simon
Country:
U.S
Work:
for research into the decision-making process within economic organizations.
Sr. No.:
11
Year :
1979
Name:
Sir Arthur Lewis & Theodore Schultz
Country:
U.K & U.S
Work:
for work on economic problems of developing nations.
Sr. No.:
12
Year :
1980
Name:
Lawrence R. Klein
Country:
U.S
Work:
for developing models for forecasting economic trends and shaping policies to deal with them.
Sr. No.:
13
Year :
1981
Name:
James Tobin
Country:
U.S
Work:
for analyses of financial markets and their influence on spending and saving by families and business.
Sr. No.:
14
Year :
1982
Name:
George J. Stigler
Country:
U.S
Work:
for work on government regulation in the economy and the functioning of industry.
Sr. No.:
15
Year :
1983
Name:
Gerard Debreu
Country:
U.S
Work:
in recognition of his work on the basic economic problem of how prices operate to balance what producers supply with what buyers want.
Sr. No.:
16
Year :
1984
Name:
Sir Richard Stone
Country:
U.K
Work:
for his work to develop the systems widely used to measure the performance of national economics.
Sr. No.:
17
Year :
1985
Name:
Franco Modigllani
Country:
U.S
Work:
for his pioneering work in analyzing the behaviour of household savers and the functioning of financial markets.
Sr. No.:
18
Year :
1986
Name:
James M. Buchanan
Country:
U.S
Work:
for his development of new methods for analyzing economic and political decision- making.
Sr. No.:
19
Year :
1987
Name:
Rober M. Solow
Country:
U.S
Work:
for seminal contributions to the theory of economic growth.
Sr. No.:
20
Year :
1988
Name:
Maurice Allais
Country:
France
Work:
for his pioneering development of theories to better understand market behaviour and the efficient use of resources.
Sr. No.:
21
Year :
1989
Name:
Trygve Haavelmo
Country:
Norway
Work:
for his pioneering work in methods for testing economic theories.
Sr. No.:
22
Year :
1990
Name:
Harry M. Markowitz, William F. Sharp & Merton H. Miller
Country:
U.S
Work:
whose work provided new tools for weighing the risks and rewards of different investments and for valuing corporate stocks and bonds.
Sr. No.:
23
Year :
1991
Name:
Ronald Coase
Country:
U.S
Work:
for his pioneering work in how property rights and the cost of doing business affect the economy.
Sr. No.:
24
Year :
1992
Name:
Gary S. Becker
Country:
U.S
Work:
for having extended the domain of economic theory to aspects of human behaviour which had previously been dealt with--if at all--by other social science disciplines.
Sr. No.:
25
Year :
1993
Name:
Robert W. Fogel & Douglas C. North
Country:
U.S
Work:
for their work in economic history.
Sr. No.:
26
Year :
1994
Name:
John F. Nash & John C. Harsanyi, Richard Seltn
Country:
U.S & Germany
Work:
for their pioneering work in game theory.
Sr. No.:
27
Year :
1995
Name:
Robert E. Lucas Jr.
Country:
U.S
Work:
for having had the greatest influence on macroeconomics research since 1970.
Sr. No.:
28
Year :
1996
Name:
James A. Mirrlees & William Vickey
Country:
U.K & U.S
Work:
for their fundamental contributions to the economic theory of incentives.
Sr. No.:
29
Year :
1997
Name:
Robert C. Merten & Myron S. Scholes
Country:
U.S
Work:
for developing a formula that determines the value of stock options and other derivatives.
Sr. No.:
30
Year :
1998
Name:
Amartya Sen
Country:
India
Work:
for contributions to welfare economics.
Sr. No.:
31
Year :
1999
Name:
Robert A. Mundel
Country:
Canada
Work:
for his work on monetary dynamics and optimum currency areas.
Sr. No.:
32
Year :
2000
Name:
James Heckman & Daniel L. McFaddedn
Country:
U.S
Work:
for developing methods used in household behaviour.
Sr. No.:
33
Year :
2001
Name:
George A. Akerlof, A. Micheal Spence & Joseph E. Striglitz
Country:
U.S
Work:
for market analyses with asymmetric information.
Sr. No.:
34
Year :
2002
Name:
Daniel Kahneman & Vemon L. Smith
Country:
U.S
Work:
for their work on how psychology affects people buying decisions and for developing laboratory experiments in economics.
Sr. No.:
35
Year :
2003
Name:
Robert F. Engle, Clive W.J. Granger
Country:
-
Work:
-
Sr. No.:
36
Year :
2004
Name:
Finn E. Kydland & Edward C. Prescott
Country:
Norway & U.S
Work:
for their contributions to dynamic macroeconomics, the time consistency of economic policy and the driving forces behind business cycles.
Sr. No.:
37
Year :
2005
Name:
Robert J. Aumann & Thomas C. Schelling
Country:
U.S
Work:
for having enhanced our understanding of conflict and cooperation through game-theory analysis.
Sr. No.:
38
Year :
2006
Name:
Edmund Phelps
Country:
U.S
Work:
for work on the relationship between unemployment and inflation.
Sr. No.:
39
Year :
2007
Name:
Eric S. Maskin, Lewnd Hurokeez, Roger B. Mierson
Country:
U.S
Work:
Sr. No.:
40
Year :
2008
Name:
Paul Krugman
Country:
U.S
Work:
for his analysis of how economics of scale can affect trade patterns and the location of economic activity.
Sr. No.:
41
Year :
2009
Name:
Elinor Osirum, Oliver Williamson
Country:
U.S
Work:
-
Sr. No.:
42
Year :
2010
Name:
Peter A. Dimond, Date T. Mortensen & Chirstopher A. Sissarides
Country:
U.S & U.K
Work:
-
Sr. No.:
3
Year :
2011
Name:
Thomas Sargent, Christopher Sims
Country:
U.S
Work:
-
Sr. No.:
44
Year :
2012
Name:
Alvin E. Roth & Lloyd Shapley
Country:
U.S
Work:
-
Sr. No.:
45
Year :
2013
Name:
Eugene F. Fama, Lars Peter Hansen, Robert J. Schiller
Country:
U.S
Work:
-
Sr. No.:
46
Year :
2014
Name:
Jean Tirole
Country:
France
Work:
-
Sr. No.:
47
Year :
2015
Name:
Angus Deaton
Country:
Britain America
Work:
-

Nobel Prize in Economics

Nobel Prize in Economics: The Nobel Prize Economic Sciences, commonly known as the Nobel Prize, is an award for excellence in economics and is often considered a noble. The official name of the award is the Sveriges Riksbank Prize for Economic Sciences in Memory of Alfred Nobel.

Nobel Prize Awarded

The prize was awarded in 1968 in part by a donation from the Swedish central bank Sveriges Riksbank to the Nobel Foundation to commemorate the bank’s 300th anniversary. As it is not a Nobel Prize Alfred created by his will in 1895, the process is not a Nobel Prize in Economics. However, it is managed and presented with a Nobel Prize by the Nobel Foundation.

The editors presented themselves with the Nobel Prize in Economics and received awards at the same festival. The models presented at the largest business fair were selected by the Royal Academy of Sciences of Sweden.

First Award

Dutch and Norwegian economists Jan Tinbergen and Ragnar Frisch were awarded for the first time Nobel Prize in Economics in 1969.

For the development and use of sophisticated models for the analysis of economic processes.

First Awarded Persons Nobel Prize

The Business Award is not a Nobel Prize in Economics awarded to Alfred Nobel in his will. However. The voting process, the selection process, and the proclamation of the prize in the Science Awards are the same as the previous Nobel Prize.
Teaching awards were announced with the Nobel Prize winners, and the prizes were awarded at the same event.

Academy of Science

The Royal Academy of Sciences of Sweden awarded the prize “in accordance with the rules governing the award of the Nobel Prize created by his [testament of Alfred Nobel”, which established that the award would be awarded annually to

Those who … should receive the greatest possible benefit for humanity.

According to its official website, the Royal Academy of Sciences of Sweden

Manages research exchanges with universities in other countries and publishes six research institutes. The memory of the Nobel Prize Alfred, Crafoord, and other important awards.

Nobel Prize

Each September, the Police Financial Investigation Council, of which five members are elected Nobel Prize in Economics. Sends invitations to thousands of academics, members of public and private institutions.

Universities

Universities in many countries, asking them to nominate candidates for the Members Award of the New Year Scholarship of the Arts and beyond can also nominate each other. In February all Applications and Credentials must be received.

1. Applications are reviewed by the Board of Trustees and selected experts. Before the end of September, the council will select attractive positions. If there is a tie, the chairman of the board decides to vote. Members of the Royal Swedish Academy of Sciences vote in mid-October to determine the winner or winner of the Business Award Nobel Prize.

As with the Nobel Prize in Economics, no more than three people can award prizes for the year. They should still be about to announce an award in October, and information about the awards cannot be disclosed to the public for 50 years.
The first prize in the economy was awarded in 1969 to Ragnar Frisch and Jan Tinbergen

For having developed and used fine-grained methods for the analysis of economic processes.

Nobel Prize

Two other winners were: Elinor Ostrom, who won 2009, and Esther Duflo, who won 2019.

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