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Science and Philosophy

Winners of the Nobel Prize for Economics

This prize has been awarded annually since 1969. Winners are chosen by the Royal Swedish Academy of Sciences in Stockholm.

  • Arthur Lewis

    British economist known for his research into economic development, particularly in developing countries.

    • 1979 Nobel Prize winner for Economics, with Theodore Schultz
  • Bertil Ohlin

    Swedish economist known for his theories on international trade.

    • 1977 Nobel Prize winner for Economics, with James Meade
  • Douglass C. North (born 1920)

    American economic historian.

    • 1993 Nobel Prize winner for Economics, with Robert Fogel
  • Franco Modigliani

    Italian-American economist known for his analyses of saving and of financial markets.

    • 1985 Nobel Prize winner for Economics
  • Friedrich A. von Hayek

    British economist known for his work on the theory of money and economic fluctuations.

    • 1974 Nobel Prize winner for Economics, with Gunnar Myrdal
  • Gary S. Becker

    American economist known for applying economic theory to human behavior.

    • 1992 Nobel Prize winner for Economics
  • George J. Stigler (born 1911, died 1991)

    American economist known for his studies of industrial structures and economic regulation.

    • 1982 Nobel Prize winner for Economics
  • Gerard Debreu

    French-American economist known for incorporating new analytic methods into economic theory.

    • 1983 Nobel Prize winner for Economics
  • Gunnar Myrdal (born 1898, died 1987)

    Swedish economist.

    • 1974 Nobel Prize winner for Economics, with Friedrich von Hayek
  • Harry M. Markowitz

    American economist known for his work on the capital asset pricing model.

    • 1990 Nobel Prize winner for Economics, with William Sharpe and Merton Miller
  • Herbert A. Simon

    American economist known for his research into the decision-making process in economic organizations.

    • 1978 Nobel Prize winner for Economics
  • James E. Meade

    British economist known for his work on international trade.

    • 1977 Nobel Prize winner for Economics, with Bertil Ohlin
  • James Tobin

    American economist known for his analysis of financial markets and their effects on other aspects of the economy.

    • 1981 Nobel Prize winner for Economics
  • James M. Buchanan

    American economist known for his studies of economic and political decision-making.

    • 1986 Nobel Prize winner for Economics
  • Jan Tinbergen

    Dutch economist known for using dynamic models to analyze economic processes.

    • 1969 Nobel Prize winner for Economics, with Ragnar Frisch
  • John R. Hicks

    British economist known for his contributions to the general economic equilibrium and welfare theory.

    • 1972 Nobel Prize winner for Economics, with Kenneth Arrow
  • Kenneth J. Arrow

    American economist known for his contributions to general economic equilibrium and welfare theory.

    • 1972 Nobel Prize winner for Economics, with John Hicks
  • Lawrence R. Klein

    American economist known for using models to study economic fluctuations and policies.

    • 1980 Nobel Prize winner for Economics
  • Leonid Kantorovich

    Russian economist known for his contribution to the theory of optimum allocation of resources.

    • 1975 Nobel Prize winner for Economics, with Tjalling Koopmans
  • Maurice Allais

    French economist known for his contribution to the theory of markets and efficient utilization of resources.

    • 1988 Nobel Prize winner for Economics
  • Merton H. Miller (born 1923)

    American economist known for his contributions to the Miller-Modigliani theorem.

    • 1990 Nobel Prize winner for Economics, with Harry Markowitz and William Sharpe
  • Milton Friedman (born 1912)

    American economist. One of the foremost proponents of laissez-faire economic policy.

    • 1976 Nobel Prize winner for Economics
  • Paul A. Samuelson (born 1915)

    American economist who has made contributions to many diverse areas of economic theory.

    • 1970 Nobel Prize winner for Economics
  • Ragnar Frisch

    Norwegian economist known for using dynamic models in the analysis of economic processes.

    • 1969 Nobel Prize winner for Economics, with Jan Tinbergen
  • Richard Stone (born 1913, died 1991)

    British economist known as the father of national income accounting.

    • 1984 Nobel Prize winner for Economics
  • Robert M. Solow

    American economist known for his work on economic growth.

    • 1987 Nobel Prize winner for Economics
  • Robert W. Fogel (born 1926)

    American economic historian who wrote a controversial book in which he concluded that slavery was an efficient economic system.

    • 1993 Nobel Prize winner for Economics, with Douglass North
  • Ronald H. Coase

    British economist known for his work on the social costs of industry.

    • 1991 Nobel Prize winner for Economics
  • Simon Kuznets

    American economist known for his theories on economic growth.

    • 1971 Nobel Prize winner for Economics
  • Theodore W. Schultz

    American economist known for his research into economic development, particularly in developing countries.

    • 1979 Nobel Prize winner for Economics, with Arthur Lewis
  • Tjalling C. Koopmans

    American economist known for his contribution to the theory of optimum allocation of resources.

    • 1975 Nobel Prize winner for Economics, with Leonid Kantorovich
  • Trygve Haavelmo (born 1911)

    Norwegian economist known for his work on economic forecasting.

    • 1989 Nobel Prize winner for Economics
  • Wassily Leontief (born 1909, died 1999)

    American economist known for his development of the input-output method in economics.

    • 1973 Nobel Prize winner for Economics
  • William F. Sharpe

    American economist known for his work on the capital asset pricing model.

    • 1990 Nobel Prize winner for Economics, with Harry Markowitz and Merton Miller
  • Robert E. Lucas, Jr. (born 1937)

    American economist known for his theory of rational expectations, which posits that the economic decisions of individuals can negate the effects of government intervention.

    • 1995 Nobel Prize winner for Economics
  • John C. Harsanyi (born 1920)

    Hungarian-born American economist known for applying game theory to economics.

    • 1994 Nobel Prize winner for Economics, with John Nash and Reinhard Selten
  • John F. Nash (born 1928)

    American mathematician known for developing the branch of mathematics known as game theory, which studies the dynamics of competition.

    • 1994 Nobel Prize winner for Economics, with John Harsanyi and Reinhard Selten
  • Reinhard Selten (born 1940)

    German mathematician who helped develop the branch of mathematics known as game theory, which studies the dynamics of competition.

    • 1994 Nobel Prize winner for Economics, with John Harsanyi and John Nash
  • Robert C. Merton (born 1944)

    American economist who helped develop a widely used formula for valuing stock options.

    • 1997 Nobel Prize winner for Economics, with Myron S. Scholes
  • Myron S. Scholes (born 1914)

    American economist who helped develop a widely used formula for valuing stock options.

    • 1997 Nobel Prize winner for Economics, with Robert C. Merton
  • James A. Mirrlees (born 1936)

    British economist known for his studies of economic behavior in situations where complete information is not available, or one party has more information than the other.

    • 1996 Nobel Prize winner for Economics, with William Vickrey
  • William Vickrey (born 1914, died 1996)

    Canadian economist known for his studies of economic behavior in situations where complete information is not available, or one party has more information than the other. Died just three days after winning the Nobel Prize.

    • 1996 Nobel Prize winner for Economics, with James A. Mirrlees
  • Amartya Sen (born 1933)

    Winner of 1998 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. He was awarded the prize ''for his contributions to welfare economics.''

    • Winner of the 1998 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel
  • Robert A. Mundell (born 1932)

    Canadian born economist

    • The 1999 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for ''''for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas ''''
  • James J. Heckman (born 1944)

    American economist

    • 2000 Nobel Prize winner for Economics, with Daniel L. McFadden
  • Daniel L. McFadden (born 1937)

    American economist

    • 2000 Nobel Prize winner for Economics, with James J. Heckman

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