Announcement of the 2016 Prize in Economic Sciences by Professor Göran K. Hansson, Secretary General of the Royal Swedish Academy of Sciences, on 10 October 2016.
Information about the Laureates and their work was presented by Professor Per Strömberg, Chairman of the Economic Sciences Prize Committee. Laureate Bengt Holmström joined the press conference via phone and answered media questions.
“Contracts are really fundamental – we see them everywhere in society”. Immediately following the announcement, Professor Per Strömberg, Chairman of the Economic Sciences Prize Committee, was interviewed by freelance journalist Henrik Höjer regarding the 2016 Prize in Economic Sciences.
See the list of all Nobel Prizes, awarded for "the greatest benefit to mankind."
In his will, Alfred Nobel left 31 million SEK to found the Nobel Prizes.
Medicine Laureate Shinya Yamanaka talks about the importance of taking risks.