The Bank of Sweden Prize in Economic Sciences (Swe.Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), often colloquially called The Nobel Prize in Economics or The Nobel Prize for Economics, is different from the rest of prizes awarded at the Nobel Prize ceremony in that it is not part of the Alfred Nobel bequest. The Prize was instituted by the Bank of Sweden (Sveriges Riksbank) at its 300th anniversity in 1969. Members of the Nobel family are contesting use of the term "Nobel Prize in Economics" in any context. It is however, in the Nobel Prize context, often referred to as simply "The Prize in Economics".
List of Prize Winners from 1969 to the present day.
for the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science
for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development
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
for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy.
for having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis
for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy
for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change
for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy
for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms
The NobelPrizes are prizes instituted by the will of Alfred Nobel, awarded to people (and also to organizations in the case of the Nobel Peace Prize) who have done outstanding research, invented groundbreaking techniques or equipment, or made outstanding contributions to society.
The prizes are awarded at formal ceremonies held annually in the Stockholm Concert Hall and the Oslo City Hall on December 10, the date that Alfred Nobel passed away.
A common legend states that Nobel decided against a prize in mathematics because a woman he proposed to (or his wife, or his mistress) rejected him or cheated on him with a famous mathematician, often claimed to be Gösta Mittag-Leffler.
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