Richard Thaler was born in New Jersey in 1945. He attended Case Western Reserve University and received his bachelor degree in economics in 1967. He continued his studies and got a masters in economics from University of Rochester. Thaler also received his PhD in 1974 in economics from the same university.
Nobel Prize Laureates in Economics Back to Econowmics.com Number of Prizes in Economic Sciences Number of Laureates in Economic Sciences Average age of Laureates in Economic Sciences 2017 Richard Thaler for his contributions to behavioral economics 2016 Oliver Hart Bengt Holmström for their contributions to contract theory 2015 Angus Deaton for his analysis of consumption, poverty, and welfare 2014 Jean Tirole for his analysis of market power and regulation 2013 Eugene F. Fama Lars Peter Hansen Robert J. Shiller for their empirical analysis of asset prices 2012 Alvin E. Roth Lloyd S. Shapley for the theory of stable allocations...
Milton Friedman was born in New York in 1912. As a kid, he showed great enthusiasm to study mathematics and wanted to become an insurance actuary. While in college, he developed an interest in economics and therefore pursued graduate studies in economics in University of Chicago and later got his Ph.D. from Columbia University. In 1967 he became president of the American Economic Association. It was also during this period that Friedman became an adviser to President Richard Nixon. In 1976, he won the Nobel Prize in economics for his achievements in the field of consumption function...