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Nobel Prize in Economics
The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics (Swedish: Nobelpriset i ekonomi), is an award for outstanding contributions to the science of economics and is generally considered one of the most prestigious awards for that science. The official...
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Oliver E. Williamson
Oliver Eaton Williamson (born September 27, 1932) is an American author in the area of transaction cost economics, a student of Ronald Coase, Herbert Simon and Richard Cyert. Williamson received his S.B. in management from the MIT Sloan School of...
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Elinor Ostrom
Elinor Ostrom (born August 7, 1933) is an American political scientist. She was awarded the 2009 Nobel Memorial Prize in Economic Sciences, which she shared with Oliver E. Williamson, for "her analysis of economic governance, especially the commons"...
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Paul Krugman
Paul Robin Krugman (pronounced /ˈkruːɡmən/; born February 28, 1953) is an American economist, liberal columnist and author. He is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs,...
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Leonid Hurwicz
Leonid "Leo" Hurwicz (August 21, 1917 – June 24, 2008) was an American economist and mathematician. His nationality of origin was Polish. He was Jewish. He originated incentive compatibility and mechanism design, which show how desired outcomes are...
Eric Maskin
Eric Stark Maskin (born December 12, 1950) is an American economist and Nobel laureate recognized with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism design theory." He is the Albert O. Hirschman Professor of Social...
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Roger Myerson
Roger Bruce Myerson (born March 29, 1951) is an American economist and Nobel laureate recognized with Leonid Hurwicz and Eric Maskin for "having laid the foundations of mechanism design theory." A professor at the University of Chicago, He has made...
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Edmund Phelps
Edmund Strother Phelps, Jr. (born July 26, 1933) is an American economist and the winner of the 2006 Nobel Memorial Prize in Economic Sciences. Early in his career he became renowned for his research at Yale's Cowles Foundation in the first half of...
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Thomas Schelling
Thomas Crombie Schelling (born 14 April 1921) is an American economist and professor of foreign affairs, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He is also co...
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Robert Aumann
Robert John Aumann (Hebrew name: ישראל אומן - Yisrael Aumann, born June 8, 1930) is an Israeli/American mathematician and a member of the United States National Academy of Sciences. He is a professor at the Center for the Study of Rationality in the...
Edward C. Prescott
Edward Christian Prescott (born December 26, 1940) is an American economist. He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency...
Finn E. Kydland
Finn Erling Kydland (born 1 December 1943) is a Norwegian economist. He is currently the Henley Professor of Economics at the University of California, Santa Barbara. He also holds the Richard P. Simmons Distinguished Professorship at the Tepper...
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Clive Granger
Sir Clive William John Granger (September 4, 1934 – May 27, 2009) was a British economist, and Professor Emeritus at the University of California, San Diego. In 2003, Granger was awarded the Nobel Memorial Prize in Economic Sciences. In bestowing...
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Robert F. Engle
Robert Fry Engle III (born November 10, 1942) is an American economist and the winner of the 2003 Nobel Memorial Prize in Economic Sciences, sharing the award with Clive Granger, "for methods of analyzing economic time series with time-varying...
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Daniel Kahneman
Daniel Kahneman (Hebrew: דניאל כהנמן) (born 5 March 1934) is an Israeli psychologist and Nobel laureate, notable for his work on the psychology of judgment and decision-making, behavioral economics and hedonic psychology.
With Amos Tversky and...
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Vernon L. Smith
Vernon Lomax Smith (born January 1, 1927) is professor of economics at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, a research scholar at George Mason University Interdisciplinary Center for...
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Joseph E. Stiglitz
Joseph Eugene Stiglitz (born February 9, 1943) is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former...
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George Akerlof
George Arthur Akerlof (born June 17, 1940) is an American economist and Koshland Professor of Economics at the University of California, Berkeley. He won the 2001 Nobel Prize in Economics (shared with Michael Spence and Joseph E. Stiglitz). His...
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Michael Spence
Andrew Michael Spence (born November 7, 1943) is an American-born, Canadian-raised economist and recipient of the 2001 Nobel Prize in Economics, along with George A. Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows...
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James Heckman
James Joseph Heckman (born 19 April 1944) is an American economist and Nobel laureate. He is the Henry Schultz Distinguished Service Professor of Economics at the University of Chicago, Distinguished Chair of Microeconometrics at University College,...
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Daniel McFadden
Daniel Little McFadden (born July 29, 1937) is an econometrician who won (jointly with James Heckman) the 2000 Nobel Memorial Prize in Economic Sciences; McFadden's share of the prize was "for his development of theory and methods for analyzing...
Robert Mundell
Robert Alexander Mundell, CC (born October 24, 1932) is a professor of economics at Columbia University and the recipient of the Nobel Memorial Prize in Economics in 1999. Mundell laid the groundwork for the introduction of the euro through his...
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Amartya Sen
Amartya Kumar Sen CH (Hon) (Bengali : অমর্ত্য কুমার সেন, Ômorto Kumar Shen) (born 3 November 1933), is an Indian Nobel Memorial Prize in Economics-winning economist, and Thomas W. Lamont University Professor and Professor of Economics and Philosophy...
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Robert C. Merton
Robert C. Merton (born 31 July 1944) is an American economist, university professor and Nobel laureate in economics.
Merton was born in New York City to sociologist Robert K. Merton and Suzanne Carhart. He grew up in Hastings-on-Hudson, NY. He...
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Myron Scholes
Myron Samuel Scholes (born July 1, 1941) is one of the authors of the Black–Scholes equation. In 1997 he was awarded the Nobel Memorial Prize in Economic Sciences for "a new method to determine the value of derivatives." The model provides the...
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William Vickrey
William Spencer Vickrey (21 June 1914 – 11 October 1996) was a Canadian professor of economics and Nobel Laureate. Vickrey was awarded the Nobel Memorial Prize in Economics with James Mirrlees for their research into the economic theory of...
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James Mirrlees
Sir James Alexander Mirrlees, FBA (5 July 1936) is a Scottish economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in 1998.
Born in Minnigaff, Wigtownshire, Mirrlees was educated at the University of Edinburgh...
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Robert Lucas, Jr.
Robert Emerson Lucas, Jr. (born September 15, 1937, Yakima, Washington) is an American economist at the University of Chicago. He received the Nobel Memorial Prize in Economic Sciences in 1995 and is consistently indexed among the top 10 economists...
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John Forbes Nash
John Forbes Nash, Jr. (born June 13, 1928) is an American mathematician whose works in game theory, differential geometry, and partial differential equations have provided insight into the forces that govern chance and events inside complex systems...
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Reinhard Selten
Reinhard Selten (born 5 October 1930) is a German economist.
Selten was born in Breslau (Wrocław) in Lower Silesia, now in Poland, to a Jewish father and Protestant mother. For his work in game theory, Selten won the 1994 Nobel Memorial Prize in...
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John Harsanyi
John Charles Harsanyi (Hungarian: Harsányi János Károly) (born May 29, 1920 in Budapest, Hungary; died August 9, 2000 in Berkeley, California, United States) was a Hungarian-Australian-American economist and Nobel Memorial Prize in Economic Sciences...
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Douglass North
Douglass Cecil North (born November 5, 1920) is an American economist known for his work in the history of economic thought. He is the co-recipient (with Robert William Fogel) of the 1993 Nobel Memorial Prize in Economic Sciences. In the words of...
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Robert Fogel
Robert William Fogel (born July 1, 1926) is an American economic historian and scientist, and winner (with Douglass North) of the 1993 Nobel Memorial Prize in Economic Sciences. He is best known as a leading advocate of cliometrics, a name for the...
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Gary Becker
Gary Stanley Becker (born December 2, 1930) is an American economist and a Nobel laureate. Born in Pottsville, Pennsylvania, Becker earned a B.A. at Princeton University in 1951 and a Ph.D. at The University of Chicago in 1955. He taught at Columbia...
Ronald Coase
Ronald Harry Coase (born 29 December 1910) is a British economist and the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School. After studying with the University of London External Programme in 1927-29, Coase...
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Merton Miller
Merton Howard Miller (May 16, 1923 – June 3, 2000) was the co-author of the Modigliani-Miller Model which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz...
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Harry Markowitz
Harry Max Markowitz (born August 24, 1927) is an American economist and a recipient of the John von Neumann Theory Prize and the Nobel Memorial Prize in Economic Sciences.
Markowitz is a professor of finance at the Rady School of Management at the...
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Trygve Haavelmo
Trygve Magnus Haavelmo (13 December 1911 – 26 July 1999) was an economist with main research interests centered on the fields of econometrics and economics theory. During World War II he worked with Nortraship in the Statistical Department in New...
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Maurice Allais
Maurice Félix Charles Allais (born 31 May 1911) is a French economist, and was the 1988 winner of the Nobel Memorial Prize in Economics "for his pioneering contributions to the theory of markets and efficient utilization of resources."
Born in Paris...
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Robert Solow
Robert Merton Solow (born August 23, 1924) is an American economist particularly known for his work on the theory of economic growth. He was awarded the John Bates Clark Medal (in 1961) and the 1987 Nobel Memorial Prize in Economic Sciences.
Robert...
James M. Buchanan
James McGill Buchanan, Jr. (born October 3, 1919) is an American economist known for his work on public choice theory, for which he won the 1986 Nobel Prize in Economics. Buchanan's work initiated research on how politicians' self-interest and non...
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Franco Modigliani
Franco Modigliani (June 18, 1918 – September 25, 2003) was an Italian-American economist at the MIT Sloan School of Management and MIT Department of Economics, and winner of the Nobel Memorial Prize in Economics in 1985.
Born in Rome, Italy, he left...
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Richard Stone
Sir John Richard Nicholas Stone (30 August 1913 – 6 December 1991) was an eminent British economist who in 1984 received the Nobel Memorial Prize in Economic Sciences for developing an accounting model that could be used to track economic activities...
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Gerard Debreu
Gérard Debreu (July 4, 1921 – December 31, 2004) was a French-born economist and mathematician. In July 1975, he became a naturalized citizen of the United States. Best known as a professor of economics at the University of California, Berkeley,...
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George Stigler
George Joseph Stigler (January 17, 1911 – December 1, 1991) was a U.S. economist. He won the Nobel Memorial Prize in Economic Sciences in 1982, and was a key leader of the Chicago School of Economics, along with his close friend Milton Friedman....
James Tobin
James Tobin (March 5, 1918 – March 11, 2002) was an American economist who in his lifetime, had served on the Council of Economic Advisors, the Board of Governors of the Federal Reserve System, and had taught at Harvard and Yale Universities. He...
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Lawrence Klein
Lawrence Robert Klein (born September 14, 1920) is an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics at the Wharton School of the University of Pennsylvania, he was awarded the...
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William Arthur Lewis
Sir William Arthur Lewis (January 23, 1915 – June 15, 1991) was a Saint Lucian economist well known for his contributions in the field of economic development. In 1979 he won the Nobel Prize in Economics, becoming the first black person to win a...
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Theodore Schultz
Theodore William Schultz (April 30, 1902 – February 26, 1998) was the 1979 winner (jointly with William Arthur Lewis) of the Nobel Memorial Prize in Economic Sciences.
He was born in Arlington, South Dakota, enrolled in South Dakota State College...
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Herbert Simon
Herbert Alexander Simon (June 15, 1916 – February 9, 2001) was an American political scientist, economist and psychologist whose research ranged across the fields of cognitive psychology, computer science, public administration, economics,...
Bertil Ohlin
Bertil Gotthard Ohlin (Swedish pronunciation: [ˈbærtil uˈliːn]) (23 April 1899 – 3 August 1979) was a Swedish economist and politician. He was a professor of economics at the Stockholm School of Economics from 1929 to 1965. He was also leader of the...
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James Meade
James Edward Meade (23 June 1907 – 22 December 1995) was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish economist Bertil Ohlin for their "Pathbreaking contribution to the theory of...
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Milton Friedman
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, and public intellectual, and a recipient of the Nobel Memorial Prize in Economics. He is known best among scholars for his theoretical and empirical...
Leonid Kantorovich
Leonid Vitaliyevich Kantorovich (Russian: Леонид Витальевич Канторович) (19 January 1912, Saint Petersburg – 7 April 1986, Moscow) was a Soviet/Russian mathematician and economist, known for his theory and development of techniques for the optimal...
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Tjalling Koopmans
Tjalling Charles Koopmans (August 28, 1910 – February 26, 1985) was the joint winner, with Leonid Kantorovich, of the 1975 Nobel Memorial Prize in Economic Sciences.
Koopmans was born in 's-Graveland, Netherlands. He began his university education...
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Gunnar Myrdal
Karl Gunnar Myrdal (6 December 1898 – 17 May 1987) was a Swedish economist, politician, and Nobel laureate. In 1974, with Friedrich Hayek, he received the Nobel Memorial Prize in Economic Sciences for "pioneering work in the theory of money and...
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Wassily Leontief
Wassily Wassilyovitch Leontief (Russian: Василий Васильевич Леонтьев; August 5, 1905, Munich, Germany – February 5, 1999, New York), was an economist notable for his research on how changes in one economic sector may have an effect on other sectors....
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Kenneth Arrow
Kenneth Joseph Arrow (born August 23, 1921) is an American economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to receive this award, at 51.
In economics, he is considered...
John Hicks
Sir John Richard Hicks (April 8, 1904 – May 20, 1989) was a British economist and one of the most important and influential economists of the twentieth century. The most familiar of his many contributions in the field of economics were his statement...
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Simon Kuznets
Simon Smith Kuznets (April 30, 1901 – July 8, 1985) was a Russian American economist at the Wharton School of the University of Pennsylvania who won the 1971 Nobel Memorial Prize in Economic Sciences "for his empirically founded interpretation of...
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Paul Samuelson
Paul Anthony Samuelson (born May 15, 1915) is an American Neo-Keynesian economist known for his contributions to many fields of economics, beginning with his general statement of the comparative statics method in his 1947 book Foundations of...
