Professor Per Strömberg, Member of the Economic Sciences Prize Committee, was interviewed about the 2013 Prize in Economic Sciences.
In 1968, Sveriges Riksbank (Sweden's central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize. The Prize is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the Bank's 300th anniversary. The first Prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969.
The Prize in Economic Sciences in Memory of Alfred Nobel is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.
The 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded jointly to Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller "for their empirical analysis of asset prices".
Professor Eugene Fama explains why he turned to Economic Sciences.Listen to the interview (3:34)
Professor Lars Peter Hansen explains the remarkable success of University of Chicago.(5:00)
Robert J. Shiller on why science can never totally explain asset pricing.(3:15)
The Prizes in Economic Sciences are given on the same principles as for the Nobel Prizes. What criteria have guided the awards so far? And what have been the main problems when selecting the Laureates?More about the Prize in Economic Sciences
Prizes in Economic Sciences have been awarded since 1969.
Prizes in Economic Sciences have been awarded to one Laureate only
woman have been awarded the Prize in Economic Sciences so far, Elinor Ostrom, in 2009.
years was the age of the youngest Laureate in Economic Sciences ever, Kenneth J. Arrow, who was awarded in 1972.
years was Leonid Hurwicz when he was awarded the Prize - the oldest Laureate in Economic Sciences ever.
is the average age of the Laureates in Economic Sciences the year they were awarded the prize.
Peter Englund, Secretary of the Economic Sciences Prize Committee, answers frequently asked questions about the Prize in Economic Sciences.
PRIZE IN ECONOMIC SCIENCES 1994 Dr. John Nash talks about the impact the Prize had on his life, his talent for mathematics as a child and shares his thoughts about the movie on his life, 'A Beautiful Mind'.
PRIZE IN ECONOMIC SCIENCES 2002 Daniel Kahneman has integrated insights from psychology into economics, thereby laying the foundation for a new field of research. His Nobel Lecture Maps of Bounded Rationality was delivered December 8, 2002.
PRIZE IN ECONOMIC SCIENCES 2009 Elinor Ostrom has demonstrated how common property can be successfully managed by user associations. Oliver Williamson has developed a theory where business firms serve as structures for conflict resolution.