The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Awarded to 79 Laureates since 1969
In 1968, Sveriges Riksbank (Sweden’s central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize. The Prize is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the Bank’s 300th anniversary. The first Prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969.
The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.
Most Popular Laureates
Who Selects the Laureates in Economic Sciences?
Peter Englund, former Secretary of the Economic Sciences Prize Committee, answers frequently asked questions about the Prize in Economic Sciences.
Prizes in Economic Sciences have been awarded since 1969.
Prizes in Economic Sciences have been awarded to one Laureate only.
woman have been awarded the Prize in Economic Sciences so far, Elinor Ostrom, in 2009.
years was the age of the youngest Laureate in Economic Sciences ever, Kenneth J. Arrow, who was awarded in 1972.
years was Leonid Hurwicz when he was awarded the Prize – the oldest Laureate in Economic Sciences ever.
is the average age of the Laureates in Economic Sciences the year they were awarded the prize.
Established in 1969
The Prizes in Economic Sciences are given on the same principles as for the Nobel Prizes. What criteria have guided the awards so far? And what have been the main problems when selecting the Laureates?
“I knew I had a good idea”
In this interview Dr. John Nash, 1994 Laureate in Economic Sciences, talks about the impact the Prize had on his life, his talent for mathematics as a child, and shares his thoughts about the movie on his life, A Beautiful Mind.
“We studied intuitions”
Daniel Kahneman, awarded the 2002 Prize, integrated insights from psychology into economics, thereby laying the foundation for a new field of research. His held his Prize Lecture Maps of Bounded Rationality on 8 December 2002.
A deeper understanding of economic governance
In this interview, 2009 Laureates Elinor Ostrom and Oliver E. Williamson talk about their research.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 was awarded jointly to Oliver Hart and Bengt Holmström.
“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 about the 2016 Prize in Economic Sciences.
“Research is a trip and you have to be attentive to all the things you see”
Interview with Bengt Holmström following the announcement of the 2016 Prize in Economic Sciences.
“Scientific research is a communal activity “
Read Oliver Hart’s speech at the Nobel Banquet on 10 December 2016.
2015 Prize in Economic Sciences
Analysis of Consumption, Poverty, and Welfare
“As a policy maker, you have a lot to learn from this research”
Jakob Svensson, Member of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel, answers question about this year’s Prize.
Consumption, Great and Small
The consumption of goods and services is a fundamental part of people’s welfare. This year’s Laureate in Economic Sciences, Angus Deaton, has deepened our understanding of different aspects of consumption.
Can Money Buy You Happiness?
Angus Deaton answers the age-old question in this interview from the Nobel Banquet in Stockholm, Sweden, on 10 December 2015.
Market Power and Regulation
“I didn’t know anything about economics”
Jean Tirole talks about what brought him to study economics: the combination of the rigorous mathematics and the human aspect of social sciences.
“Humility is not easy to preserve when receiving such a prestigious award“
Read Jean Tirole’s speech from the Nobel Banquet in Stockholm, Sweden.
The Diploma for Economic Sciences
The Royal Swedish Academy of Sciences is responsible for the Physics and Chemistry diplomas, and since 1969 also for the Economic Sciences diploma.