The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1981
Born: 5 March 1918, Champaign, IL, USA
Died: 11 March 2002, New Haven, CT, USA
Affiliation at the time of the award: Yale University, New Haven, CT, USA
Prize motivation: "for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices"
Contribution: The theory of financial markets and their relation to consumption and investment decisions, production, employment and prices.