Nobel Prize Laureates in Economics
2016
Oliver Hart
Bengt Holmström
for their contributions to contract theory
2015
Angus Deaton
for his analysis of consumption, poverty, and welfare
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 and the practice of market design
2011
Thomas J. Serpent
Christopher A. Sims
for their empirical research on cause and effect in the macroeconomy
2010
Peter A. Diamond
Dale T. Mortensen
for their analysis of markets with search frictions
2009
Elinor Ostrom
Oliver E. Williamson
Ostrom
for her analysis of economic governance, especially the commons
Williamson
for his analysis of economic governance, especially the boundaries of the firm
2008
Paul Krugman
for his analysis of trade patterns and location of economic activity
2007
Leonid Hurwicz
Eric S. Maskin
Roger B. Mayerson
for having laid the foundations of mechanism design theory
2006
Edmund S. Phelps
for his analysis of intertemporal tradeoffs in macroeconomic policy
2005
Robert J. Aumann
Thomas C. Schelling
for having enhanced our understanding of conflict and cooperation through game-theory analysis
2004
Finn E. Kydland
Edward C. Prescott
for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles
2003
Robert F. Engle
Clive Granger
Engle
for methods of analyzing economic time series with time-varying volatility (ARCH)
Granger
for methods of analyzing economic time series with common trends (cointegration)
2002
Vernon L. Smith
Kahnemann
for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty
Smith
for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms
2001
George Akerlof
Michael Spence
Joseph E. Stiglitz
for their analyses of markets with asymmetric information
2000
James Heckman
Daniel McFadden
Heckman
for his development of theory and methods for analyzing selective samples McFadden
for his development of theory and methods for analyzing discrete choice
1999
Robert Mundell
for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas
1997
Robert C. Merton
Myron Scholes
for a new method to determine the value of derivatives
1996
James Mirrlees
William Vickrey
for their fundamental contributions to the economic theory of incentives under asymmetric information
1995
Robert Lucas
for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy
1994
John Harsanyi
John Forbes Nash
Reinhard Selten
for their pioneering analysis of equilibria in the theory of non-cooperative games
1993
Robert Fogel
for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change
1992
for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including non-market behaviour
1991
Ronald Coase
for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy
1990
Harry Markowitz
Merton Miller
William F. Sharpe
for their pioneering work in the theory of financial economics
1989
Trygve Haavelmoaurice
for his pioneering contributions to the theory of markets and efficient utilization of resources
1988
Maurice
Allais
for his pioneering contributions to the theory of markets and efficient utilization of resources
1987
Robert Solow
for his contributions to the theory of economic growth
1986
James M. Buchanan
for his development of the contractual and constitutional bases for the theory of economic and political decision-making
1984
Richard Stone
for having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis
1983
Gérard Debreu
for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium
1982
George Stigler
for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation
1981
James Tobin
for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices
1980
Lawrence Klein
for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies
1979
Theodore Shultz
Arthur Lewis
for their pioneering research into economic development research with particular consideration of the problems of developing countries
1978
Herbert A. Simon
for his pioneering research into the decision-making process within economic organizations
1977
James Meade
Bertil Ohlin
for their pathbreaking contribution to the theory of international trade and international capital movements
1976
for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilisation policy
1975
Leonid Kantorovich
Tjalling Koopmans
for their contributions to the theory of optimum allocation of resources
1974
Gunnar Myrdal
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
1973
Wassily Leontief
for the development of the input-output method and for its application to important economic problems
1972
John Hicks
for their pioneering contributions to general economic equilibrium theory and welfare theory
1971
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
1970
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
1969
Ragnar Frisch
Jan Tinbergen
for having developed and applied dynamic models for the analysis of economic processes