Lists of Nobel Prizes and Laureates

Prize Lectures in Economic Sciences 1991-1995


The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

Edited by Torsten Persson (Stockholm University, Sweden)

Below is a list of the Laureates in Economic Sciences during the period 1991-1995 with a description of the work awarded with the Prize in Economic Sciences:

(1991) R H Coase - for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy;

(1992) G S Becker - for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour;

(1993) R W Fogel and DC North - for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change;

(1994) J C Harsanyi, J F Nash and R Selten - for their pioneering analysis of equilibria in the theory of non-cooperative games;

(1995) R E Lucas - for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy.

Pub. date: July 1997
ISBN 981-02-3059-1 (hardcover)
ISBN 981-02-3060-5 (paperback)

World Scientific Publishing Company 


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MLA style: "Prize Lectures in Economic Sciences 1991-1995". Nobel Media AB 2014. Web. 29 Nov 2015. <>