Nobel Prize

16 October 1990 THIS YEAR’S LAUREATES ARE PIONEERS IN THE THEORY OF FINANCIAL ECONOMICS AND CORPORATE FINANCE has decided to award the 1990 Alfred Nobel Memorial Prize in Economic Sciences with one third each, to Professor Harry Markowitz, City University of New York, USA, Professor Merton Miller, University of Chicago, USA, Professor William Sharpe, Stanford…

Presentation Speech by Professor Assar Lindbeck of the December 10, 1990. Translation of the Swedish text. Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, Financial markets fulfill an important function in modern market economies. It is largely via such markets that savings in various sectors of a national economy are transferred to firms for investment…

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11 October 1989 THIS YEAR’S LAUREATE IN ECONOMICS SHOWED HOW ECONOMIC THEORIES CAN BE TESTED has decided to award the 1989 Alfred Nobel Memorial Prize in Economic Sciences to Professor Trygve Haavelmo, Oslo, Norway, for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures. Summary This year’s prize…

I was born in Chicago in 1927, the only child of Morris and Mildred Markowitz who owned a small grocery store. We lived in a nice apartment, always had enough to eat, and I had my own room. I never was aware of the Great Depression. Growing up, I enjoyed baseball and tag football in…

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Presentation Speech by Professor Bengt-Christer Ysander of the December 10, 1989 Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, This year’s laureate, Professor Trygve Haavelmo of the University of Oslo, has been awarded the Alfred Nobel Memorial Prize in Economic Science for his pioneering contributions to the development of econometrics,…

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