The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 was awarded jointly to Oliver Hart and Bengt Holmström "for their contributions to contract theory".
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 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.
Peter Englund, former Secretary of the Economic Sciences Prize Committee, answers frequently asked questions 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.
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
Jakob Svensson, Member of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel, answers question about this year's Prize.Video interview
The consumption of goods and services is a fundamental part of people’s welfare. This year's Laureate in Economic Sciences, Angus Deaton, has deepened our understanding of different aspects of consumption.Read more in the Popular Science Background (pdf)
Angus Deaton answers the age-old question in this interview from the Nobel Banquet in Stockholm, Sweden, on 10 December 2015.Watch the interview
Jean Tirole talks about what brought him to study economics: the combination of the rigorous mathematics and the human aspect of social sciences.
Read Jean Tirole's speech from the Nobel Banquet in Stockholm, Sweden.
The Royal Swedish Academy of Sciences is responsible for the Physics and Chemistry diplomas, and since 1969 also for the Economic Sciences diploma.
In this interview Dr. John Nash, 1994 Laureate in Economic Sciences, 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.
Daniel Kahneman, awarded the 2002 Prize, integrated insights from psychology into economics, thereby laying the foundation for a new field of research. His held his Prize Lecture Maps of Bounded Rationality on 8 December 2002.
In this interview, 2009 Laureates Elinor Ostrom and Oliver E. Williamson talk about their research.