List of Nobel Prize winners in Economics

The Sveriges Riksbank Prize in Economic Sciences 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

Year		Laureate	Country	Rationale	Ph.D. alma mater	Institution (most significant tenure/at time of receipt)
1969	File:Uio frisch 2006 0025.jpg	Ragnar Frisch	Norway	"for having developed and applied dynamic models for the analysis of economic processes"	University of Oslo	University of Oslo
	File:Jan Tinbergen 1982.jpg	Jan Tinbergen	Netherlands		Leiden University	Erasmus University
1970	File:Paul Samuelson.gif	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	File:Simon Kuznets 1971b.jpg	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	File:John Hicks 1972.jpg	John Hicks	United Kingdom	"for their pioneering contributions to general economic equilibrium theory and welfare theory."	University of Oxford	University of Oxford
	File:Kenneth Arrow, Stanford University.jpg	Kenneth Arrow	United States		Columbia University	Harvard University
1973	File:Wassily Leontief 1973.jpg	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
1974	File:Gunnar Myrdal - Sveriges styresmän.jpg	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
	File:Friedrich Hayek portrait.jpg	Friedrich Hayek	Austria United Kingdom		University of Vienna	London School of Economics, University of Chicago
1975	File:Leonid Kantorovich 1975.jpg	Leonid Kantorovich	Soviet Union	"for their contributions to the theory of optimum allocation of resources"	Leningrad State University	Novosibirsk State University
	File:TjallingKoopmans1967.jpg	Tjalling Koopmans	Netherlands United States		University of Leiden	University of Chicago, Yale University
1976	File:Portrait of Milton Friedman.jpg	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	File:Bertil Ohlin.jpg	Bertil Ohlin	Sweden	"for their pathbreaking contribution to the theory of international trade and international capital movements"	Stockholm University	Stockholm School of Economics
	File:James Meade Nobel.jpg	James Meade	United Kingdom		University of Cambridge	University of Cambridge
1978	File:Herbert simon red complete.jpg	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."	University of Wisconsin-Madison	University of Chicago
		W. 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	File:James Tobin.png	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
1983	File:Debreu, Gérard (1921-2004).jpeg	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 Paris	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	File:Franco Modigliani.jpg	Franco Modigliani	Italy	"for his pioneering analyses of saving and of financial markets"	The New School for Social Research	Massachusetts Institute of Technology
1986	File:James Buchanan by Atlas network.jpg	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
1987	File:Robert Solow by Olaf Storbeck.jpg	Robert Solow	United States	"for his contributions to the theory of economic growth"	Harvard University	Massachusetts Institute of Technology
1988	File:ALLAIS PN Maurice-24x30-2001b.jpg	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	File:Trygve Haavelmo.jpg	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
	File:William sharpe 2007.jpg	William F. Sharpe			University of California, Los Angeles	Stanford University
1991	File:Coase scan 10 edited.jpg	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	File:GaryBecker-May24-2008.jpg	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	File:Robert William Fogel.jpg	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
	File:Douglass North.jpg	Douglass North			University of California, Berkeley	Washington University in St Louis
1994		John Harsanyi	Hungary United States	"for their pioneering analysis of equilibria in the theory of non-cooperative games."	Stanford University	University of California, Berkeley
	File:John f nash 20061102 3.jpg	John Forbes Nash	United States		Princeton University	Princeton University
	File:Reinhard Selten2.jpg	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
1996		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	File:Robert C. Merton.jpg	Robert C. Merton	United States	"for a new method to determine the value of derivatives."	Massachusetts Institute of Technology	Massachusetts Institute of Technology
	File:Myron Scholes 2008 in Lindau.png	Myron Scholes	Canada United States		University of Chicago	Massachusetts Institute of Technology
1998	File:Amartya Sen 20071128 cologne.jpg	Amartya Sen	India	"for his contributions to welfare economics"	University of Cambridge	Harvard University, University of Cambridge
1999	File:Rmundell.jpg	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	File:James Heckman.jpg	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	File:George Akerlof.jpg	George Akerlof	United States	"for their analyses of markets with asymmetric information"	Massachusetts Institute of Technology	Georgetown University, University of California Berkeley
	File:A Michael Spence.jpg	Michael Spence			Harvard University	Harvard University
	File:Joseph Stiglitz.jpg	Joseph E. Stiglitz			Massachusetts Institute of Technology	Princeton University, Columbia University
2002	File:Daniel KAHNEMAN.jpg	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
	File:Vernon L. Smith 2011.jpg	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	File:Robert F. Engle.jpg	Robert F. Engle	United States	"for methods of analyzing economic time series with time-varying volatility (ARCH)"	Cornell University	University of California, San Diego
	File:Clive Granger by Olaf Storbeck.jpg	Clive Granger	United Kingdom	"for methods of analyzing economic time series with common trends (cointegration)"	University of Nottingham	University of California, San Diego
2004	File:Kydland.jpg	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
	File:Edward C. Prescott.jpg	Edward C. Prescott	United States		Carnegie Mellon University	Carnegie Mellon University, Arizona State University
2005	File:ישראל אומן 2010.jpg	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
	File:Thomas Schelling.jpg	Thomas C. Schelling	United States		Harvard University	Yale University, Harvard University
2006	File:Edmund Phelps 2008-01-23.jpg	Edmund S. Phelps	United States	"for his analysis of intertemporal tradeoffs in macroeconomic policy"	Yale University	Columbia University
2007	File:Leonid Hurwicz.jpg	Leonid Hurwicz	Poland United States	"for having laid the foundations of mechanism design theory"	London School of Economics	University of Minnesota, Iowa State University
	File:Eric Maskin at UCI.jpg	Eric S. Maskin	United States		Harvard University	Harvard University
	File:Myerson roger b print.jpg	Roger B. Myerson			Harvard University	Northwestern University
2008	File:Paul Krugman-press conference Dec 07th, 2008-8.jpg	Paul Krugman	United States	"for his analysis of trade patterns and location of economic activity"	Massachusetts Institute of Technology	Princeton University
2009	File:Nobel Prize 2009-Press Conference KVA-30.jpg	Elinor Ostrom	United States	"for her analysis of economic governance, especially the commons"	University of California, Los Angeles	Indiana University
	File:Nobel Prize 2009-Press Conference KVA-42.jpg	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
2010	File:Peter Diamond cropped.jpg	Peter A. Diamond	United States	"for their analysis of markets with search frictions"	Massachusetts Institute of Technology	Massachusetts Institute of Technology
	File:Dale Mortensen.jpg	Dale T. Mortensen			Carnegie Mellon University	Northwestern University
	File:Christopher Pissarides.jpg	Christopher A. Pissarides	Cyprus		London School of Economics	London School of Economics
2011	File:Nobel Prize 2011-Press Conference KVA-DSC 7770.jpg	Thomas J. Sargent	United States	"for their empirical research on cause and effect in the macroeconomy"	Harvard University	Hoover Institution, University of Minnesota
	File:Nobel Prize 2011-Press Conference KVA-DSC 7720.jpg	Christopher A. Sims			Harvard University	University of Minnesota
2012	File:Al Roth, Sydney Ideas lecture 2012d.jpg	Alvin E. Roth	United States	"for the theory of stable allocations and the practice of market design."	Stanford University	Stanford University, Harvard University
	File:Shapley, Lloyd (1980) crop.jpg	Lloyd S. Shapley			Princeton University	University of California, Los Angeles
2013	File:Eugene Fama at Nobel Prize, 2013.jpg	Eugene F. Fama	United States	"for their empirical analysis of asset prices."	University of Chicago	University of Chicago
	File:Lars Peter Hansen photo in 2007.jpg	Lars Peter Hansen			University of Minnesota	University of Chicago
	File:Robert J. Shiller 2017.jpg	Robert J. Shiller			Massachusetts Institute of Technology	Yale University
2014	File:Jean Tirole (cropped).jpg	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	File:Angus Deaton 0182.jpg	Angus Deaton	United Kingdom United States	"for his analysis of consumption, poverty, and welfare".	University of Cambridge	University of Bristol, Princeton University
2016	File:Nobel Laureates 0983 (31117127490).jpg	Oliver Hart	United Kingdom United States	"for their contributions to contract theory".	Princeton University	Massachusetts Institute of Technology, Harvard University
	File:Bengt Holmström.jpg	Bengt Holmström	Finland		Stanford University	Massachusetts Institute of Technology, Yale University
2017	File:Richard Thaler Chatham.jpg	Richard Thaler	United States	"for his contributions to behavioural economics".	University of Rochester	Cornell University, University of Chicago
2018	File:William Nordhaus EM1B6005 (46234137031).jpg	William Nordhaus	United States	"for integrating climate change into long-run macroeconomic analysis"	Massachusetts Institute of Technology	Yale University
	File:Paul Romer in 2005.jpg	Paul Romer		"for integrating technological innovations into long-run macroeconomic analysis"	University of Chicago	New York University
2019	File:FT Goldman Sachs Business Book of the Year Award 2011 (6310827426) (cropped).jpg	Abhijit Banerjee	United States India	"for their experimental approach to alleviating global poverty"	Harvard University	Massachusetts Institute of Technology
	File:Esther Duflo - Pop!Tech 2009 - 001 (cropped (2)).jpg	Esther Duflo	United States France		Massachusetts Institute of Technology	Massachusetts Institute of Technology
		Michael Kremer	United States		Harvard University	Harvard University
2020	File:Paul Milgrom Headshot.jpg	Paul Milgrom	United States	"for improvements to auction theory and inventions of new auction formats."	Stanford University	Stanford University
		Robert B. Wilson	United States		Harvard University	Stanford University
2021	File:David Card.jpg	David Card	Canada	"for his empirical contributions to labour economics"	Princeton University	Berkeley
		Joshua Angrist	United States Israel	"for their methodological contributions to the analysis of causal relationships"	Princeton University	MIT
	File:No image.svg	Guido W. Imbens	United States Netherlands		Brown University	Stanford University
2022	File:Ben Bernanke official portrait.jpg	Ben Bernanke	United States	"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. Louis
2023	File:Claudia Goldin Headshot.jpg	Claudia Goldin	United States	"for having advanced our understanding of women's labour market outcome"	University of Chicago	Harvard University
2024	File:Acemoglu 2016.png	Daron Acemoglu	Turkey United States	"for studies of how institutions are formed and affect prosperity"	London School of Economics	Massachusetts Institute of Technology
	File:Simon Johnson on Institute for New Economic Thinking.jpg	Simon Johnson	United Kingdom United States		Massachusetts Institute of Technology	Massachusetts Institute of Technology
	File:James A. Robinson in Ukraine - 2018 (MUS3218) (cropped).jpg	James A. Robinson	United Kingdom		Yale University	University of Chicago

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

Other websites

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