Nobel Prize in Economic Sciences: A Journey Through the Laureates and Their Fields of Study (1969-2023)

Nobel Prize in Economic Sciences: A Journey Through the Laureates and Their Fields of Study (1969-2023)

1969 - Ragnar Frisch and Jan Tinbergen

Field: Contributions to the development and application of dynamic models for the analysis of economic processes.

1970 - Paul A. Samuelson

Field: Pioneering contributions to the development of modern economic theory, particularly his work on general equilibrium theory and welfare economics.

1971 - Simon Kuznets

Field: For his empirically founded interpretation of economic growth, including the measurement and analysis of economic development.

1972 - John R. Hicks and Kenneth J. Arrow

Field: Contributions to general economic equilibrium theory and welfare theory.

1973 - Wassily Leontief

Field: For the development of the input-output method and for its application to important economic problems.

1974 - Gunnar Myrdal and Friedrich Hayek

Field: Myrdal for his analysis of the dynamics of economic, social, and institutional change, particularly in underdeveloped countries. Hayek for his pioneering work in the theory of money and economic fluctuations.

1975 - Leonid Kantorovich and Tjalling Koopmans

Field: Contributions to the theory of optimal allocation of resources.

1976 - Milton Friedman

Field: For his achievements in the fields of consumption analysis, monetary history, and theory, and for his demonstration of the complexity of stabilization policy.

1977 - Bertil Ohlin and James Meade

Field: Contributions to the theory of international trade and international capital movements.

1978 - Herbert A. Simon

Field: For his pioneering research into the decision-making process within economic organizations.

1979 - Theodore W. Schultz and Sir Arthur Lewis

Field: Schultz for his research on the role of human capital in economic development. Lewis for his research on economic development with particular consideration of the problems of developing countries.

1980 - Lawrence Klein

Field: For the creation of econometric models and the application to the analysis of economic fluctuations and economic policies.

1981 - James Tobin

Field: For his analysis of financial markets and their relations to expenditure decisions, employment, production, and prices.

1982 - George Stigler

Field: For his seminal studies of industrial structures, functioning of markets, and causes and effects of public regulation.

1983 - Gerard Debreu

Field: For his development of the theory of general equilibrium and for his pioneering contributions to the theory of optimal resource allocation.

1984 - Richard Stone

Field: For his pioneering contributions to the development of national accounts and hence greatly improved the basis for empirical economic analysis.

1985 - Franco Modigliani

Field: For his pioneering research in the theory of financial and macroeconomic dynamics.

1986 - James M. Buchanan Jr.

Field: For his development of the contractual and constitutional bases for the theory of economic and political decision-making.

1987 - Robert M. Solow

Field: For his contributions to the theory of economic growth.

1988 - Maurice Allais

Field: For his pioneering contributions to the theory of markets and efficient utilization of resources.

1989 - Trygve Haavelmo

Field: For his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures.

1990 - Harry M. Markowitz, Merton H. Miller, and William F. Sharpe

Field: Markowitz for his development of the theory of portfolio choice. Miller and Sharpe for their pioneering work in the theory of financial economics.

1991 - Ronald Coase

Field: For his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy.

1992 - Gary S. Becker

Field: For having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including non-market behavior.

1993 - Robert W. Fogel and Douglass C. North

Field: Fogel for his work on the economic and social impact of railways in the 19th century United States. North for his research on economic history and institutions.

1994 - John Harsanyi, John Nash, and Reinhard Selten

Field: Harsanyi, Nash, and Selten for their pioneering analysis of equilibria in the theory of non-cooperative games.

1995 - Robert E. Lucas Jr.

Field: For having developed and applied the hypothesis of rational expectations and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy.

1996 - James A. Mirrlees and William Vickrey

Field: Mirrlees for his contributions to the economic theory of incentives under asymmetric information. Vickrey for his research on asymmetric information in markets.

1997 - Robert C. Merton and Myron S. Scholes

Field: For their work on a new method to determine the value of derivatives (options), which had a profound impact on financial markets.

1998 - Amartya Sen

Field: For his contributions to welfare economics and his work on the measurement of well-being and poverty.

1999 - Robert A. Mundell

Field: For his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.

2000 - James J. Heckman and Daniel L. McFadden

Field: Heckman for his development of theory and methods for analyzing selective samples. McFadden for his development of theory and methods for analyzing discrete choice.

2001 - George A. Akerlof, A. Michael Spence, and Joseph E. Stiglitz

Field: Akerlof for his analysis of markets with asymmetric information.

2002 - Daniel Kahneman and Vernon L. Smith

Field : Behavioral economics and experimental economics.

2003 - Robert F. Engle and Clive W.J. Granger

Field: Time series econometrics and financial market volatility.

2004 - Finn E. Kydland and Edward C. Prescott

Field: Business cycles and macroeconomics.

2005 - Robert J. Aumann and Thomas C. Schelling

Field: Game theory and conflict resolution.

2006 - Edmund S. Phelps

Field: Analysis of intertemporal trade-offs in macroeconomic policy.

2007 - Leonid Hurwicz, Eric S. Maskin, and Roger B. Myerson

Field: Mechanism design theory and economic institutions.

2008 - Paul Krugman

Field: International trade patterns and economic geography.

2009 - Elinor Ostrom and Oliver E. Williamson

Field : Institutional economics and governance.

2010 - Peter A. Diamond, Dale T. Mortensen, and Christopher A. Pissarides

Field : Labor market search theory and unemployment.

2011 - Thomas J. Sargent and Christopher A. Sims

Field : Empirical research in macroeconomics.

2012 - Alvin E. Roth and Lloyd S. Shapley

Field: Market design and matching theory.

2013 - Eugene F. Fama, Robert J. Shiller, and Lars Peter Hansen

Field: Asset pricing, market efficiency, and risk management.

2014 - Jean Tirole

Field : Industrial organization and regulation.

2015 - Angus Deaton

Field: Consumption, poverty, and welfare economics.

2016 - Oliver Hart and Bengt Holmström

Field: Contract theory and corporate governance.

2017 - Richard H. Thaler

Field: Behavioral economics and finance.

2018 - William D. Nordhaus and Paul Romer

Field: Economic growth and climate change economics.

2019 - Abhijit Banerjee, Esther Duflo, and Michael Kremer

Field: Experimental economics and poverty alleviation.

2020 - Paul R. Milgrom and Robert B. Wilson

Field : Auction theory and market design.

2021 - David Card, Joshua Angrist and Guido Imbens

Field: natural experiments can be used to answer central questions for society, such as how minimum wages and immigration affect the labour market.

2022 - Ben Bernanke, Douglas Diamond and Philip Dybvig.

Field:research on banks and financial crises

2023 - Claudia Goldin.

Field : understanding of women’s labour market outcomes.