List of Nobel Prize winners in Economics

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel,Until 2006, the prize was officially called the Bank of Sweden Prize in Economics in Memory of Alfred Nobel. commonly called the Nobel Prize in Economics, is a prize awarded each year for outstanding contributions in the field of economics. The prize was not one of the awards set out in the will of Alfred Nobel. The winners of the prize receive their diploma and gold medal from the Swedish monarch at the same December 10 ceremony in Stockholm as the Nobel laureates in physics, chemistry, physiology or medicine, and literature. The amount of money awarded  is the same as the other prizes.

 Winners 
YearLaureateCountry RationalePh.D. alma materInstitution (most significant tenure/at time of receipt) 1969 75pxRagnar Frisch  "for having developed and applied dynamic models for the analysis of economic processes" University of Oslo University of Oslo 75pxJan Tinbergen  Leiden University Erasmus University 1970 75pxPaul Samuelson  "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 75pxSimon Kuznets  "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 75pxJohn Hicks  "for their pioneering contributions to general economic equilibrium theory and welfare theory." University of Oxford University of Oxford 75pxKenneth Arrow  Columbia University Harvard University 1973 75pxWassily Leontief  Soviet Union "for the development of the input-output method and for its application to important economic problems" University of Berlin Harvard University 1974 75pxGunnar Myrdal  "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 University75pxFriedrich Hayek  University of Vienna London School of Economics, University of Chicago 1975 75pxLeonid Kantorovich  Soviet Union "for their contributions to the theory of optimum allocation of resources" Leningrad State University Novosibirsk State University 75pxTjalling Koopmans  University of Leiden University of Chicago, Yale University 1976 75pxMilton Friedman  "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 75pxBertil Ohlin  "for their pathbreaking contribution to the theory of international trade and international capital movements" Stockholm University Stockholm School of Economics 75pxJames Meade  University of Cambridge University of Cambridge 1978 75pxHerbert A. Simon  "for his pioneering research into the decision-making process within economic organizations" University of Chicago Carnegie Mellon University 1979Theodore Schultz  "for their pioneering research into economic development research with particular consideration of the problems of developing countries." University of Wisconsin-Madison University of ChicagoW. Arthur Lewis  London School of Economics Princeton University 1980Lawrence Klein  "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 75pxJames Tobin  "for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices" Harvard University Yale University 1982George Stigler  "for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation" University of Chicago University of Chicago 1983 75pxGérard Debreu  "for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium" École Normale SupérieureUniversity of Paris University of California, Berkeley 1984Richard Stone  "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 75pxFranco Modigliani  "for his pioneering analyses of saving and of financial markets" The New School for Social Research Massachusetts Institute of Technology 1986 75pxJames M. Buchanan  "for his development of the contractual and constitutional bases for the theory of economic and political decision-making" University of Chicago George Mason University 1987 75pxRobert Solow  "for his contributions to the theory of economic growth" Harvard University Massachusetts Institute of Technology 1988 75pxMaurice Allais  "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 75pxTrygve Haavelmo  "for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures" University of Oslo University of Oslo 1990Harry Markowitz "for their pioneering work in the theory of financial economics" University of Chicago City University of New YorkMerton Miller Johns Hopkins University Carnegie Mellon University, University of Chicago 75px William F. Sharpe University of California, Los Angeles Stanford University 1991 75pxRonald Coase  "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 75pxGary Becker  "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 199375pxRobert Fogel "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 Chicago75pxDouglass North University of California, Berkeley Washington University in St Louis 1994John Harsanyi"for their pioneering analysis of equilibria in the theory of non-cooperative games." Stanford University University of California, Berkeley 75pxJohn Forbes Nash Princeton University Princeton University 75pxReinhard Selten Goethe University Frankfurt University of Bonn 1995Robert Lucas Jr.  "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 1996James Mirrlees  "for their fundamental contributions to the economic theory of incentives under asymmetric information" University of Cambridge University of Oxford, University of CambridgeWilliam Vickrey  Columbia University Columbia University 1997 75pxRobert C. Merton "for a new method to determine the value of derivatives." Massachusetts Institute of Technology Massachusetts Institute of Technology 75pxMyron Scholes  University of Chicago Massachusetts Institute of Technology 1998 75pxAmartya Sen  "for his contributions to welfare economics" University of Cambridge Harvard University, University of Cambridge 1999 75pxRobert Mundell  "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 75pxJames Heckman  "for his development of theory and methods for analyzing selective samples" Princeton University University of Chicago Daniel McFadden  "for his development of theory and methods for analyzing discrete choice" University of Minnesota University of California Berkeley, Massachusetts Institute of Technology 2001 75pxGeorge Akerlof "for their analyses of markets with asymmetric information" Massachusetts Institute of Technology Georgetown University, University of California Berkeley 75pxMichael Spence Harvard University Harvard University 75pxJoseph E. Stiglitz Massachusetts Institute of Technology Princeton University, Columbia University 2002 75pxDaniel Kahneman  "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 75pxVernon L. Smith  "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 75pxRobert F. Engle  "for methods of analyzing economic time series with time-varying volatility (ARCH)" Cornell University University of California, San Diego 75pxClive Granger  "for methods of analyzing economic time series with common trends (cointegration)" University of Nottingham University of California, San Diego 2004 75pxFinn E. Kydland "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 75pxEdward C. Prescott  Carnegie Mellon University Carnegie Mellon University, Arizona State University2005 75pxRobert J. Aumann "for having enhanced our understanding of conflict and cooperation through game-theory analysis." Massachusetts Institute of Technology Hebrew University of Jerusalem 75pxThomas C. Schelling  Harvard University Yale University, Harvard University 2006 75pxEdmund S. Phelps  "for his analysis of intertemporal tradeoffs in macroeconomic policy" Yale University Columbia University2007 75pxLeonid Hurwicz  "for having laid the foundations of mechanism design theory" London School of Economics University of Minnesota, Iowa State University 75pxEric S. Maskin Harvard University Harvard University 75pxRoger B. Myerson Harvard University Northwestern University 2008 75pxPaul Krugman  "for his analysis of trade patterns and location of economic activity" Massachusetts Institute of Technology Princeton University 2009 75pxElinor Ostrom "for her analysis of economic governance, especially the commons" University of California, Los Angeles Indiana University 75pxOliver E. Williamson "for his analysis of economic governance, especially the boundaries of the firm" Carnegie Mellon University University of Pennsylvania, University of California Berkeley 2010 75pxPeter A. Diamond "for their analysis of markets with search frictions" Massachusetts Institute of Technology Massachusetts Institute of Technology 75pxDale T. Mortensen Carnegie Mellon University Northwestern University 75pxChristopher A. Pissarides  London School of Economics London School of Economics 2011 75pxThomas J. Sargent "for their empirical research on cause and effect in the macroeconomy" Harvard University Hoover Institution, University of Minnesota 75pxChristopher A. Sims Harvard University University of Minnesota 2012 75pxAlvin E. Roth "for the theory of stable allocations and the practice of market design." Stanford University Stanford University, Harvard University 75pxLloyd S. Shapley Princeton University University of California, Los Angeles 2013 75pxEugene F. Fama "for their empirical analysis of asset prices." University of Chicago University of Chicago 75pxLars Peter Hansen University of Minnesota University of Chicago 75pxRobert J. Shiller Massachusetts Institute of Technology Yale University 2014 75pxJean Tirole  "for his analysis of market power and regulation". Massachusetts Institute of Technology Massachusetts Institute of TechnologyToulouse School of EconomicsÉcole des hautes études en sciences sociales 2015 75pxAngus Deaton  "for his analysis of consumption, poverty, and welfare". University of Cambridge University of Bristol, Princeton University2016 75pxOliver Hart    "for their contributions to contract theory". Princeton University Massachusetts Institute of Technology, Harvard University 75pxBengt Holmström  Stanford University Massachusetts Institute of Technology, Yale University 2017 75px Richard Thaler  "for his contributions to behavioural economics". University of Rochester Cornell University, University of Chicago 2018 75pxWilliam Nordhaus "for integrating climate change into long-run macroeconomic analysis" Massachusetts Institute of Technology Yale University 75pxPaul Romer "for integrating technological innovations into long-run macroeconomic analysis" University of Chicago New York University 2019 75px Abhijit Banerjee  "for their experimental approach to alleviating global poverty"Nobel Prize 2019 nobelprize.orgHarvard UniversityMassachusetts Institute of Technology 75px Esther Duflo  Massachusetts Institute of Technology Massachusetts Institute of Technology Michael Kremer  Harvard University Harvard University 2020 75px Paul Milgrom  "for improvements to auction theory and inventions of new auction formats."Stanford UniversityStanford University Robert B. Wilson  Harvard University Stanford University 2021 75px David Card  "for his empirical contributions to labour economics"Princeton UniversityBerkeley Joshua Angrist   "for their methodological contributions to the analysis of causal relationships" Princeton University MIT 75px Guido W. Imbens   Brown University Stanford University 2022 100x100pxBen Bernanke  "for research on banks and financial crises" Massachusetts Institute of Technology Princeton University, Brookings Institution Douglas Diamond Yale University University of Chicago Philip H. Dybvig Yale University Washington University in St. Louis2023 100x100pxClaudia Goldin  "for having advanced our understanding of women's labour market outcome"Nobel Prize in Economics 2023 University of Chicago Harvard University 2024 75pxDaron Acemoglu  "for studies of how institutions are formed and affect prosperity" London School of Economics   75pxSimon Johnson  Massachusetts Institute of Technology  Massachusetts Institute of Technology   75pxJames A. Robinson  Yale University University of Chicago 2025 75pxJoel Mokyr  “for having identified the prerequisites for sustained growth through technological progress” Yale University  Northwestern University  75pxPhilippe Aghion “for the theory of sustained growth through creative destruction”Harvard University  Collège de FranceINSEAD
London School of Economics  Peter Howitt  Northwestern University  Brown University

 Related pages 
 List of Nobel Prize winners by country
 List of Nobel Prize winners in Chemistry
 List of Nobel Prize winners in Physics
 List of Nobel Prize winners in Physiology or Medicine
 List of Nobel Prize winners in Literature
 List of Nobel Peace Prize winners

References

 Other websites 
 Laureates  at the Nobel foundation
 Winners of the Prize in Economics
 History of the prize and its controversy 

Economics
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