The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972

John R. Hicks

Photo from the Nobel Foundation archive.

Prize share: 1/2

Kenneth J. Arrow

Photo from the Nobel Foundation archive.

Prize share: 1/2

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972 was awarded jointly to John R. Hicks and Kenneth J. Arrow "for their pioneering contributions to general economic equilibrium theory and welfare theory"

To cite this section
MLA style: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972. NobelPrize.org. Nobel Prize Outreach AB 2024. Thu. 12 Dec 2024. <https://www.nobelprize.org/prizes/economic-sciences/1972/summary/>

Back to top Back To Top Takes users back to the top of the page

Nobel Prizes and laureates

Six prizes were awarded for achievements that have conferred the greatest benefit to humankind. The 12 laureates' work and discoveries range from proteins' structures and machine learning to fighting for a world free of nuclear weapons.

See them all presented here.

Illustration

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.