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Sveriges Riksbank (Bank of Sweden) Prize in Economic Sciences in Memory of Alfred Nobel

The Sveriges Riksbank (Bank of Sweden) Prize in Economic Sciences in Memory of Alfred Nobel is awarded annually by the Royal Swedish Academy of Sciences. The nomination and selection of the Economics Prize laureates is to a large extent handled by the Economics Prize Committee of the Academy. Each year the committee send invitations to thousands of scientists, members of academies and university professors in numerous countries, asking them to nominate candidates for the Economics Prize for the coming year. Invitations to nominate are sent to:
  1. Swedish and foreign members of the Academy of Sciences;
  2. Members of the Prize Committee for the Alfred Nobel Memorial Prize in Economic Sciences;
  3. Recipients of the Prize in Economic Sciences;
  4. Permanent professors in relevant subjects at the universities and colleges in Sweden, Denmark, Finland, Iceland and Norway;
  5. Holders of corresponding chairs in at least six universities or colleges selected for the relevant year by the Academy of Sciences with a view to ensuring the appropriate distribution between different countries and their seats of learning; and
  6. Other scientists whom the Academy may see fit to invite proposals;
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The nominations received by the committee are then investigated with the help of specially appointed experts. When the committee have made their selection among the nominated candidates and have presented their recommendation to the Academy, a vote is taken for the final choice of laureates. The Academy's decisions are announced immediately after the vote in mid-October each year, while presentation of the award is made in Stockholm on 10 December.
The Economics prize was not part of Alfred Nobel's original will, being instituted in 1968 at the tercentenary of the Bank of Sweden. The first prize was awarded in 1969. The award is designed to be given according to the same principles and rules as the five original Nobel prizes - Physics, Chemistry, Physiology or Medicine, Literature and Peace. The prizes reward specific achievements rather than "outstanding persons". Indeed the statutes prescribe that "the Prize shall be awarded annually to a person who has carried out work in economic science of the eminent significance expressed in the Will of Alfred Nobel drawn up on November 27, 1895".
An overview of the prizes awarded in economics from 1969 to 1998 can be found in the article "The Sveriges Riksbank (Bank of Sweden) Prize in Economic Sciences in Memory of Alfred Nobel 1969-2007" by Assar Lindbeck.
A Romanian translation of this page can be found here.
 
Nobel Laureates by Year
Click on the year at the left of the pictures to get more information, from the Nobel Foundation website, on that years prize.
1969
1970 19711972 1973 1974 1975 1976 1977 1978 1979
1980 19811982 19831984 1985 1986 1987 1988 1989
1990 19911992 19931994 1995 1996 1997 1998 1999
2000200120022003200420052006200720082009
2010201120122013
1969 Ragnar Frisch Ragnar Frisch Jan Tinbergen Jan Tinbergen
"For having developed and applied dynamic models for the analysis of economic processes."
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1970 Paul Samuelson Paul 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."
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1971 Simon Kuznets Simon 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."
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1972 John Hicks John Hicks Kenneth Arrow Kenneth Arrow
"For their pioneering contributions to general economic equilibrium theory and welfare theory."
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1973Wassily Leontief Wassily Leontief
"For the development of the input-output method and for its application to important economic problems."
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1974Gunnar Myrdal Gunnar Myrdal Hayek Friedrich von Hayek
"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."
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1975Kantovarich Leonid Kantovarich Tjalling Koopmans Tjalling Koopmans
"For their contributions to the theory of the optimum allocation of resources."
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1976Milton Friedman Milton Friedman
"For his achievements in the field of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilisation policy."
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1977Bertil Ohlin Bertil Ohlin James Meade James Meade
"For their pathbreaking contribution to the theory of international trade and international capital movements."
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1978Herbert Simon Herbert Simon
"For his pioneering research into the decision making process within economic organisations."
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1979Theodore Schultz Theodore Schultz Arthur Lewis Arthur Lewis
"For their pioneering research into economic development, with particular consideration of the problems of developing countries."
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1980 Lawrence Klein Lawrence Klein
"For the creation of econometric models and their application to the analysis of economic fluctuations and economic policies."
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1981 James Tobin James Tobin
"For his analysis of financial markets and their relations to expenditure decisions, employment, production and prices."
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1982George Stigler George Stigler
"For his seminal studies of industrial structure, functioning of markets and causes and effects of public regulation."
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1983 Gerard Debreu Gerard Debreu
"For having incorporated new analytic methods into economic theory and for his rigorous reformulation of the theory of general equilibrium."
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1984 Richard Stone Richard Stone
"For having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis."
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1985 Franco Modigliani Franco Modigliani
"For his pioneering analysis of savings and financial markets."
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1986 James Buchanan James Buchanan
"For his development of the contractual and constitutional bases of the theory of economic and political decision making."
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1987 Robert Solow Robert Solow
"For his contributions to the theory of economic growth."
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1988 Maurice Allais Maurice Allais
"For his pioneering contributions to the theory of markets and efficient utilisation of resources."
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1989 Trygve Haavelmo Trygve Haavelmo
"For his clarification of the probability theory foundation of econometrics and his analysis of simultaneous economic structures."
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1990Harry Markowitz Harry Markowitz Merton Miller Merton Miller
William Sharpe William Sharpe
"For their pioneering work in the theory of financial economics"
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1991 Ronald Coase Ronald Coase
"For his discovery and clarification of the significance of transaction costs and property rights for the traditional structure and functioning of the economy."
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1992 Gary Becker Gary Becker
"For having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including non-market behaviour."
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1993 Robert Fogel Robert Fogel Douglass North Douglass North
"For having renewed research in economic history by applying economic theory and quantitative methods to explain economic and institutional change."
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1994John Harsanyi John Harsanyi John Nash John Nash
Reinhard Selten Reinhard Selten
"For their pioneering analysis of equilibria in the theory of non-cooperative games."
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1995 Robert Lucas Robert Lucas
"For having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy."
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1996 James Mirrlees James Mirrlees William Vickrey William Vickrey
"For their fundamental contributions to the economic theory of incentives under asymmetric information."
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1997 Robert C. Merton Robert C. Merton Myron S. Scholes Myron S. Scholes
"For a new method to determine the value of derivatives"
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1998 Amartya Sen Amartya Sen
"For his contributions to welfare economics."
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1999 Robert A. Mundell Robert A. Mundell
"For his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas."
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2000 James Heckman James Heckman Daniel McFadden Daniel McFadden
"To James Heckman for his development of theory and methods for analyzing selective samples and to Daniel McFadden for his development of theory and methods for analyzing discrete choice."
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2001 George A. Akerlof George A. Akerlof  Michael Spence A. Michael Spence
Joseph E. Stiglitz Joseph E. Stiglitz
"For their analyses of markets with asymmetric information."
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2002 Daniel Kahneman Daniel Kahneman Vernon L. Smith Vernon L. Smith
"To Daniel Kahneman for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty and to Vernon L. Smith for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms."
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2003 Robert F. Engle Robert F. Engle Clive W. J. Granger Clive W. J. Granger
"To Robert Engle for methods of analyzing economic time series with time-varying volatility (ARCH) and to Clive W. J. Granger for methods of analyzing economic time series with common trends (cointegration)"
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2004 Finn E. Kydland Finn E. Kydland Edward C. Prescott Edward C. Prescott
"For their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles"
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2005 Thomas C. Schelling Thomas C. Schelling Robert J. Aumann Robert J. Aumann
"For having enhanced our understanding of conflict and cooperation through game-theory analysis"
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2006 Edmund S. Phelps Edmund S. Phelps
"For his analysis of intertemporal tradeoffs in macroeconomic policy"
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2007 Leonid Hurwicz Leonid Hurwicz  Eric S. Maskin Eric S. Maskin
Roger B. Myerson Roger B. Myerson
"For having laid the foundations of mechanism design theory"
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2008 Paul Krugman Paul Krugman
"For his analysis of trade patterns and location of economic activity"
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2009Elinor Ostrom Elinor Ostrom Oliver E. Willaimson Oliver E. Williamson
To Elinor Ostrom "for her analysis of economic governance, especially the commons" and to Oliver E. Williamson "for his analysis of economic governance, especially the boundaries of the firm"
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2010 Peter A. Diamond Peter A. Diamond  Dale T. Mortensen Dale T. Mortensen
Christopher A. Pissarides Christopher A. Pissarides
"For their analysis of markets with search frictions"
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2011Thomas J. Sargent Thomas J. Sargent Christopher A. Sims Christopher A. Sims
"For their empirical research on cause and effect in the macroeconomy"
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2012Alvin Roth Alvin E. Roth Lloyd S. Shapley Lloyd S. Shapley
"For the theory of stable allocations and the practice of market design"
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2013 Eugene F. Fama Eugene F. Fama  Lars Peter Hansen Lars Peter Hansen
Robert J. Shiller Robert J. Shiller
"For their empirical analysis of asset prices"
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