List of Nobel Memorial Prize laureates in Economics - wikipedia List of Nobel Memorial Prize laureates in Economics The announcement of the 2008 Nobel Memorial Prize in Economic Sciences in Stockholm. The winner of the prize was Paul Krugman. 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 economic sciences. The first prize was awarded 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 the awarding of the 2017 prize, 49 Nobel Memorial Prizes in Economic Sciences have been given to 79 individuals. Up to 2007, nine awards had been given for contributions to the field of macroeconomics, more than any other category. The institution with the most affiliated laureates in economic sciences is the University of Chicago, which has 29 affiliated laureates. Contents 1 Laureates 2 See also 3 References 3.1 Citations 3.2 Sources 4 External links Laureates Year Laureate Country Rationale Alma mater Institution ( most significant tenure / at time of receipt ) 1969 Ragnar Frisch Norway `` for having developed and applied dynamic models for the analysis of economic processes '' University of Oslo University of Oslo Jan Tinbergen Netherlands Leiden University Erasmus University 1970 Paul Samuelson 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 '' Harvard University Massachusetts Institute of Technology 1971 Simon Kuznets 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 '' Columbia University Harvard University 1972 John Hicks United Kingdom `` for their pioneering contributions to general economic equilibrium theory and welfare theory. '' University of Oxford University of Oxford Kenneth Arrow United States Columbia University Stanford University 1973 Wassily Leontief Soviet Union United States `` for the development of the input - output method and for its application to important economic problems '' University of Berlin Harvard University Gunnar Myrdal 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. '' Stockholm University Stockholm University Friedrich Hayek Austria United Kingdom University of Vienna London School of Economics, University of Chicago Leonid Kantorovich Soviet Union `` for their contributions to the theory of optimum allocation of resources '' Leningrad State University Novosibirsk State University Tjalling Koopmans Netherlands United States University of Leiden University of Chicago, Yale University 1976 Milton Friedman 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 '' Columbia University University of Chicago 1977 Bertil Ohlin Sweden `` for their pathbreaking contribution to the theory of international trade and international capital movements '' Stockholm University Stockholm School of Economics James Meade United Kingdom University of Cambridge University of Cambridge 1978 Herbert A. Simon United States `` for his pioneering research into the decision - making process within economic organizations '' University of Chicago Carnegie Mellon University 1979 Theodore Schultz United States `` for their pioneering research into economic development research with particular consideration of the problems of developing countries. '' South Dakota State University, University of Wisconsin - Madison University of Chicago Arthur Lewis Saint Lucia United Kingdom London School of Economics Princeton University 1980 Lawrence Klein United States `` for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies '' Massachusetts Institute of Technology University of Pennsylvania 1981 James Tobin United States `` for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices '' Harvard University Yale University 1982 George Stigler United States `` for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation '' University of Chicago University of Chicago Gérard Debreu France `` for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium '' École Normale Supérieure University of California, Berkeley 1984 Richard Stone 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 '' University of Cambridge University of Cambridge 1985 Franco Modigliani Italy `` for his pioneering analyses of saving and of financial markets '' The New School for Social Research Massachusetts Institute of Technology 1986 James M. Buchanan United States `` for his development of the contractual and constitutional bases for the theory of economic and political decision - making '' University of Chicago George Mason University Robert Solow United States `` for his contributions to the theory of economic growth '' Harvard University Massachusetts Institute of Technology 1988 Maurice Allais France `` for his pioneering contributions to the theory of markets and efficient utilization of resources '' École Polytechnique École Nationale Supérieure des Mines de Paris, Paris Nanterre University 1989 Trygve Haavelmo Norway `` for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures '' University of Oslo University of Oslo 1990 Harry Markowitz United States `` for their pioneering work in the theory of financial economics '' University of Chicago City University of New York Merton Miller Johns Hopkins University Carnegie Mellon University, University of Chicago William F. Sharpe University of California, Los Angeles Stanford University 1991 Ronald Coase 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 '' London School of Economics University of Chicago, London School of Economics 1992 Gary Becker United States `` for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including non-market behaviour '' University of Chicago University of Chicago 1993 Robert Fogel United States `` for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change '' Johns Hopkins University University of Chicago Douglass North University of California, Berkeley Washington University in St Louis 1994 John Harsanyi United States `` for their pioneering analysis of equilibria in the theory of non-cooperative games. '' Stanford University University of California, Berkeley John Forbes Nash Princeton University Princeton University Reinhard Selten Germany Goethe University Frankfurt University of Bonn 1995 Robert 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 '' University of Chicago University of Chicago James Mirrlees United Kingdom `` for their fundamental contributions to the economic theory of incentives under asymmetric information '' University of Cambridge University of Oxford, University of Cambridge William Vickrey Canada United States Columbia University Columbia University 1997 Robert C. Merton United States `` for a new method to determine the value of derivatives. '' Massachusetts Institute of Technology Massachusetts Institute of Technology Myron Scholes Canada United States University of Chicago Massachusetts Institute of Technology 1998 Amartya Sen India `` for his contributions to welfare economics '' University of Cambridge Harvard University, University of Cambridge 1999 Robert Mundell Canada `` for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas '' Massachusetts Institute of Technology Columbia University 2000 James Heckman United States `` for his development of theory and methods for analyzing selective samples '' Princeton University University of Chicago Daniel McFadden United States `` for his development of theory and methods for analyzing discrete choice '' University of Minnesota University of California Berkeley, Massachusetts Institute of Technology 2001 George Akerlof United States `` for their analyses of markets with asymmetric information '' Massachusetts Institute of Technology Georgetown University, University of California Berkeley Michael Spence Harvard University Harvard University Joseph E. Stiglitz Massachusetts Institute of Technology Princeton University, Columbia University 2002 Daniel Kahneman Israel United States `` for having integrated insights from psychological research into economic science, especially concerning human judgment and decision - making under uncertainty '' University of California, Berkeley Princeton University, University of British Columbia Vernon L. Smith United States `` for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms '' Harvard University University of Arizona 2003 Robert F. Engle United States `` for methods of analyzing economic time series with time - varying volatility ( ARCH ) '' Cornell University University of California, San Diego Clive Granger United Kingdom `` for methods of analyzing economic time series with common trends ( cointegration ) '' University of Nottingham University of California, San Diego Finn E. Kydland Norway `` for their contributions to dynamic macroeconomics : the time consistency of economic policy and the driving forces behind business cycles. '' Carnegie Mellon University Carnegie Mellon University Edward C. Prescott United States Carnegie Mellon University Carnegie Mellon University 2005 Robert J. Aumann United States Israel `` for having enhanced our understanding of conflict and cooperation through game - theory analysis. '' Massachusetts Institute of Technology Hebrew University of Jerusalem Thomas C. Schelling United States Harvard University Yale University, Harvard University 2006 Edmund S. Phelps United States `` for his analysis of intertemporal tradeoffs in macroeconomic policy '' Yale University Columbia University 2007 Leonid Hurwicz Poland United States `` for having laid the foundations of mechanism design theory '' London School of Economics University of Minnesota, Iowa State University Eric S. Maskin United States Harvard University Harvard University Roger B. Myerson Harvard University Northwestern University 2008 Paul Krugman United States `` for his analysis of trade patterns and location of economic activity '' Massachusetts Institute of Technology Massachusetts Institute of Technology 2009 Elinor Ostrom United States `` for her analysis of economic governance, especially the commons '' University of California, Los Angeles Indiana University Oliver E. Williamson `` for his analysis of economic governance, especially the boundaries of the firm '' Carnegie Mellon University University of Pennsylvania, University of California Berkeley Peter A. Diamond United States `` for their analysis of markets with search frictions '' Massachusetts Institute of Technology Massachusetts Institute of Technology Dale T. Mortensen Carnegie Mellon University Northwestern University Christopher A. Pissarides Cyprus London School of Economics London School of Economics 2011 Thomas J. Sargent United States `` for their empirical research on cause and effect in the macroeconomy '' Harvard University Hoover Institution, University of Minnesota Christopher A. Sims Harvard University University of Minnesota 2012 Alvin E. Roth United States `` for the theory of stable allocations and the practice of market design. '' Stanford University Stanford University, Harvard University Lloyd S. Shapley Princeton University University of California, Los Angeles 2013 Eugene F. Fama United States `` for their empirical analysis of asset prices. '' University of Chicago University of Chicago Lars Peter Hansen University of Minnesota University of Chicago Robert J. Shiller Massachusetts Institute of Technology Yale University 2014 Jean Tirole France `` for his analysis of market power and regulation ''. Massachusetts Institute of Technology Massachusetts Institute of Technology, Toulouse School of Economics, École des hautes études en sciences sociales 2015 Angus Deaton United Kingdom United States `` for his analysis of consumption, poverty, and welfare ''. University of Cambridge University of Bristol, Princeton University 2016 Oliver Hart United Kingdom United States `` for their contributions to contract theory ''. Princeton University Massachusetts Institute of Technology, Harvard University Bengt Holmström Finland Stanford University Massachusetts Institute of Technology, Yale University 2017 Richard Thaler United States `` for his contributions to behavioural economics ''. University of Rochester Cornell University, University of Chicago See also List of Nobel laureates References Citations Jump up ^ `` Nomination and Selection of the Laureates in Economics ''. Nobel Foundation. Archived from the original on 2008 - 07 - 15. Retrieved 2008 - 10 - 15. ^ Jump up to : `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Nobel Prize ''. Nobel Foundation. Retrieved 2008 - 10 - 15. Jump up ^ `` The Nobel Prize Award Ceremonies ''. Nobel Foundation. Archived from the original on 2008 - 08 - 22. Retrieved 2008 - 10 - 07. Jump up ^ `` All Laureates in Economics ''. Nobel Foundation. Retrieved 2014 - 10 - 17. Jump up ^ `` Economics Table ''. Nobel Foundation. Retrieved 2008 - 10 - 15. Jump up ^ `` Nobel Laureates of UChicago ''. The University of Chicago. Retrieved 2013 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1970 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1971 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1973 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1975 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1976 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1977 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1978 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1979 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1980 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1981 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1982 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1983 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1984 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1985 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1986 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1987 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1988 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1989 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1990 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1991 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1992 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1993 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1994 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1995 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1996 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1997 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1998 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1999 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. ^ Jump up to : `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. ^ Jump up to : `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. ^ Jump up to : `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2003 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2004 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2005 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2006 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 ''. Nobel Foundation. Retrieved 2008 - 10 - 14. ^ Jump up to : `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009 ''. Nobel Foundation. Retrieved 2009 - 10 - 12. Jump up ^ `` The Prize in Economic Sciences 2010 ''. Nobel Foundation. Retrieved 2010 - 10 - 11. Jump up ^ `` The Prize in Economic Sciences 2011 ''. Nobel Foundation. Retrieved 2011 - 10 - 10. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2012 ''. Nobel Foundation. Retrieved 2016 - 07 - 01. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013 ''. Nobel Foundation. Retrieved 2016 - 07 - 01. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2014 ''. Nobel Foundation. Retrieved 2014 - 10 - 13. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2015 ''. Nobel Foundation. Retrieved 2015 - 10 - 12. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 ''. Nobel Foundation. Retrieved 2016 - 10 - 10. Jump up ^ `` The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017 ''. Nobel Foundation. Retrieved 2015 - 10 - 09. Sources `` All Laureates in Economics ''. Nobel Foundation. Retrieved 2008 - 10 - 14. External links Official website of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel Official website of the Royal Swedish Academy of Sciences Official website of the Nobel Foundation Laureates of the Nobel Memorial Prize in Economic Sciences 1969 -- 1975 1969 Ragnar Frisch / Jan Tinbergen 1970 Paul Samuelson 1971 Simon Kuznets 1972 John Hicks / Kenneth Arrow 1973 Wassily Leontief 1974 Gunnar Myrdal / Friedrich Hayek 1975 Leonid Kantorovich / Tjalling Koopmans 1976 -- 2000 1976 Milton Friedman 1977 Bertil Ohlin / James Meade 1978 Herbert A. Simon 1979 Theodore Schultz / Arthur Lewis 1980 Lawrence Klein 1981 James Tobin 1982 George Stigler 1983 Gérard Debreu 1984 Richard Stone 1985 Franco Modigliani 1986 James M. Buchanan 1987 Robert Solow 1988 Maurice Allais 1989 Trygve Haavelmo 1990 Harry Markowitz / Merton Miller / William F. Sharpe 1991 Ronald Coase 1992 Gary Becker 1993 Robert Fogel / Douglass North 1994 John Harsanyi / John Forbes Nash Jr. / Reinhard Selten 1995 Robert Lucas Jr. 1996 James Mirrlees / William Vickrey 1997 Robert C. Merton / Myron Scholes 1998 Amartya Sen 1999 Robert Mundell 2000 James Heckman / Daniel McFadden 2001 -- present 2001 George Akerlof / Michael Spence / Joseph E. Stiglitz 2002 Daniel Kahneman / Vernon L. Smith 2003 Robert F. Engle / Clive Granger 2004 Finn E. Kydland / Edward C. Prescott 2005 Robert Aumann / Thomas Schelling 2006 Edmund Phelps 2007 Leonid Hurwicz / Eric Maskin / Roger Myerson 2008 Paul Krugman 2009 Elinor Ostrom / Oliver E. Williamson 2010 Peter A. Diamond / Dale T. Mortensen / Christopher A. Pissarides 2011 Thomas J. Sargent / Christopher A. Sims 2012 Alvin E. Roth / Lloyd S. Shapley 2013 Eugene Fama / Lars Peter Hansen / Robert J. Shiller 2014 Jean Tirole 2015 Angus Deaton 2016 Oliver Hart / Bengt Holmström 2017 Richard Thaler Nobel Prizes Lists of Nobel laureates Prizes Chemistry Economics Literature Peace Physics Physiology or Medicine Laureates by subject Chemistry Economics Literature Peace Physics Physiology or Medicine by criterion African Arab Asian Black Female Latino and Hispanic Jewish by country Argentine Australian Belgian Bengali Chinese Danish Hungarian Indian Israeli Italian Japanese Korean Liberian Polish Portuguese Romanian Russian Spanish Swedish Turkish Welsh by religion Christian Jewish Muslim Non-religious by year By year by university affiliation University affiliation by occupation Head of Government and State Committees and organisations Nobel Foundation Nobel Committees Chemistry Economics Physics Physiology or Medicine Norwegian Nobel Committee Nobel Assembly at Karolinska Institutet Related topics Controversies Other prizes Alfred Nobel Nobel Memorial Prize ( not one of the original Nobel Prizes ). 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Question: who won the nobel prize for economics in 2009
Answer: Elinor Ostrom