Nobel Memorial Prize in Economic Sciences | Wikipedia audio article
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Date: 2018-11-22

This is an audio version of the Wikipedia Article:
Nobel Memorial Prize in Economic Sciences

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SUMMARY
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The Nobel Memorial Prize in Economic Sciences (officially Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field. The award's official English name is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.The prize was established in 1968 by a donation from Sweden's central bank the Riksbank to the Nobel Foundation to commemorate the bank's 300th anniversary.  As it is not one of the prizes that Alfred Nobel established in his will in 1895, it is not a Nobel Prize. However, it is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Laureates are announced with the Nobel Prize laureates, and receive the award at the same ceremony.Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. It was first awarded in 1969 to the Dutch and Norwegian economists Jan Tinbergen and Ragnar Frisch, "for having developed and applied dynamic models for the analysis of economic processes".