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Nobel Memorial Prize in Economic Sciences

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Awarded forOutstanding contributions to mankind in the field of Economic Sciences
Sponsored bySveriges Riksbank
LocationStockholm, Sweden
Presented byNobel Foundation, Royal Swedish Academy of Sciences
Reward(s)11 million Swedish kronor (2023)[1]
First award1969
Most recently awarded to
Websitenobelprize.org/prizes/economic-sciences/

The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel[2][3][4] (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), commonly referred to as the Nobel Prize in Economics, is an award in the field of economic sciences administered by the Nobel Foundation, established in 1968 by Sveriges Riksbank (Sweden's central bank) to celebrate its 300th anniversary and in memory of Alfred Nobel.[5][6][7][8][9]

Although the Prize in Economic Sciences was not one of the original five Nobel Prizes established by Alfred Nobel's will,[10] it is considered a member of the Nobel Prize system,[11] and is administered and referred to along with the Nobel Prizes by the Nobel Foundation.[12] Winners of the Prize in Economic Sciences are chosen in a similar manner to and announced alongside the Nobel Prize recipients, and receive the Prize in Economic Sciences at the Nobel Prize Award Ceremony.[10][13]

The laureates of the Prize in Economic Sciences are selected by the Royal Swedish Academy of Sciences, which also selects the laureates of the prizes in Physics and Chemistry.[14][15] The Prize was first awarded in 1969 to Dutch economist Jan Tinbergen and Norwegian economist Ragnar Frisch "for having developed and applied dynamic models for the analysis of economic processes".[9][16][17]

  1. ^ "The Nobel Prize amounts". The Nobel Prize. Archived from the original on 20 July 2018. Retrieved 29 September 2023.
  2. ^ "Hart and Holmström awarded the Prize in Economic Sciences for 2017". Stockholm: Sveriges Riksbank. 10 October 2016. Archived from the original on 25 August 2018. Retrieved 25 August 2018.
  3. ^ "Prize in Economic Sciences". Stockholm: The Royal Swedish Academy of Sciences. Archived from the original on 12 June 2018. Retrieved 25 August 2018.
  4. ^ "Beslut om titel på ekonomipriset [Resolution on the economics award's name]" (in Swedish). Stockholm: Sveriges Riksbank. 6 July 2006. Archived from the original on 20 August 2018. Retrieved 20 August 2018.
  5. ^ "Streams during Nobel Week 2023". NobelPrize.org. 3 November 2023. Archived from the original on 2023-11-21. Retrieved 2023-11-21.
  6. ^ "Nobel Prize". Encyclopædia Britannica. 2007. Archived from the original on 29 April 2015. Retrieved 29 November 2018.
  7. ^ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". Sveriges Riksbank. Archived from the original on 5 March 2013. Retrieved 12 December 2012. Sveriges Riksbank's Prize in Economic Sciences in Memory of Alfred Nobel was established with a donation to the Nobel Foundation in connection with the Riksbank's 300th anniversary in 1968
  8. ^ "The Nobel Prize". The Nobel Foundation. Archived from the original on 5 April 2006. Retrieved 7 November 2007. In 1968, Sveriges Riksbank established The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize
  9. ^ a b "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". The Nobel Foundation. Archived from the original on 5 April 2006. Retrieved 7 November 2007. In 1968, Sveriges Riksbank (Sweden's central bank) established this Prize in memory of Alfred Nobel, founder of the Nobel Prize
  10. ^ a b "Nomination and selection of economic sciences laureates". NobelPrize.org. Stockholm: The Nobel Foundation. 4 July 2018. Archived from the original on 10 May 2020. Retrieved 5 November 2021. Not a Nobel Prize[:] The prize in economic sciences is not a Nobel Prize. In 1968, Sveriges Riksbank (Sweden's central bank) instituted 'The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel', and it has since been awarded by the Royal Swedish Academy of Sciences according to the same principles as for the Nobel Prizes that have been awarded since 1901.
  11. ^ Hird., John A. (2005). Power, Knowledge, and Politics. American governance and public policy. Georgetown University Press. p. 33. ISBN 978-1-58901-048-2. OCLC 231997210. the Bank of Sweden Prize in Economic Science in Memory of Alfred Nobel, commonly referred to as the 'Nobel Prize in Economics'
  12. ^ "Organization Structure: Spreading Information About the Nobel Prize". The Nobel Foundation. Archived from the original on 2017-01-06. Retrieved 2014-11-26.
  13. ^ "Winners of the Nobel Prize for Economics". Encyclopedia Britannica. Archived from the original on 2019-05-15. Retrieved 2021-09-16.
  14. ^ Cite error: The named reference statutes-econ was invoked but never defined (see the help page).
  15. ^ "Nominating and awarding" Archived 2018-01-12 at the Wayback Machine, in "Prize in Economic Sciences", Royal Swedish Academy of Sciences. Retrieved 4 July 2017.
  16. ^ "Jan Tinbergen" Archived 2007-12-03 at the Wayback Machine (2007), in Encyclopædia Britannica, accessed November 16, 2007, from Encyclopædia Britannica Online: <http://www.britannica.com/eb/article-9380801>.
  17. ^ "Ragnar Frisch" Archived 2007-12-02 at the Wayback Machine (2007), in Encyclopædia Britannica, accessed 16 November 2007, from Encyclopædia Britannica Online: <http://www.britannica.com/eb/article-9364984r>.

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