The Sveriges Riksbank Prize in Economic Sciences is considered as the most coveted award in the field of economics. Let's take a look at those who could bag this prestigious title.
Online PR News – 19-November-2013 – ontario – The Sveriges Riksbank Prize in Economic Sciences is considered as the most coveted award in the field of economics. Let's take a look at those who could bag this prestigious title.
The Nobel Prize is named after the multifaceted Alfred Nobel - scientist, author, and entrepreneur. Since its inception in 1901, the coveted Nobel Prize has been awarded to great achievers from across the globe for their exceptional work in different fields.
The Nobel Memorial Prize for Economic Sciences, unlike the prizes in other fields, was introduced much later in 1968. Officially, the prize is known as the Sveriges Riksbank Prize in Economic Sciences. This was owing to the fact that economics wasn't one of the fields initially introduced by Alfred Nobel. It was established later by 'Sveriges Riksbank', Sweden's central bank on their 300th anniversary.
Since its introduction, the Nobel Prize in Economics has been awarded to 74 laureates for their outstanding work in this field. Below is a list of economists who won this prestigious award.
Nobel Laureates in Economic Sciences
Eugene F. Fama (USA), Lars Peter Hansen (USA), Robert J. Shiller (Cyprus)
Award for their empirical analysis of asset prices
Alvin E. Roth (USA), Lloyd S. Shapley (USA)
Award for the theory of stable allocations and the practice of market design
Thomas J. Sargent (USA), Christopher A. Sims (USA)
Award for their empirical research on cause and effect in the macroeconomy
Peter A. Diamond (USA), Dale T. Mortensen (USA), Christopher A. Pissarides (Cyprus)
Award for their analysis of markets with search frictions
Elinor Ostrom (USA)
Award for her analysis of economic governance, especially the commons
Oliver E. Williamson (USA)
Award for his analysis of economic governance, especially the boundaries of the firm
Paul Krugman (USA)
Award for his analysis of trade patterns and location of economic activity
Leonid Hurwicz (Poland/USA), Eric S. Maskin (USA), Roger B. Myerson (USA)
Award for having laid the foundations of mechanism design theory
Edmund S. Phelps (USA)
Award for his analysis of intertemporal tradeoffs in macroeconomic policy
Robert J. Aumann (Israel/USA), Thomas C. Schelling (USA)
Award for having enhanced our understanding of conflict and cooperation through game-theory analysis
Finn E. Kydland (Norway), Edward C. Prescott (USA)
Award for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles
Robert F. Engle III (USA)
Award for methods of analyzing economic time series with time-varying volatility (ARCH)
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