Nobel Memorial Prize in Economic Sciences
Eight MPS members, Friedrich Hayek, Milton Friedman, George Stigler, Maurice Allais, James M. Buchanan, Ronald Coase, Gary Becker and Vernon Smith have won the Nobel Memorial Prize in Economic Sciences. Graeme Maxton and Jørgen Randers note that it is no surprise that so many MPS members have won a Nobel Memorial Prize in Economic Sciences because the MPS helped to create that award, specifically to legitimize free-market economic thinking.