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Nobel Prize in Economics

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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 thegkworld
Nobel Prize in Economics thegkworld

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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