The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974

Gunnar Myrdal

Photo from the Nobel Foundation archive.

Prize share: 1/2

Friedrich August von Hayek

Photo from the Nobel Foundation archive.

Prize share: 1/2

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974 was awarded jointly to Gunnar Myrdal and Friedrich August von Hayek "for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"

To cite this section
MLA style: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 27 Mar 2023. <https://www.nobelprize.org/prizes/economic-sciences/1974/summary/>

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

Nobel Prizes and laureates

Nobel Prizes 2022

Fourteen laureates were awarded a Nobel Prize in 2022, for achievements that have conferred the greatest benefit to humankind. Their work and discoveries range from paleogenomics and click chemistry to documenting war crimes.

See them all presented here.
Nobel Prizes 2022

Explore prizes and laureates

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