Nobel Prize Owners and their contributions

towmoons — Mon, 29 May 2006 02:58:14 +0000

The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel – Laureates
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 III, Clive W.J. Granger
“for methods of analyzing economic time series with time-varying volatility (ARCH)”
“for methods of analyzing economic time series with common trends (cointegration)”
2002 Daniel Kahneman, Vernon L. Smith
“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”
2001 George A. Akerlof, A. Michael Spence, Joseph E. Stiglitz
“for their analyses of markets with asymmetric ination”
2000 James J. Heckman, Daniel L. McFadden
“for his development of theory and methods for analyzing selective samples”
“for his development of theory and methods for analyzing discrete choice”
1999 Robert A. Mundell
“for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas”
1998 Amartya Sen
“for his contributions to welfare economics”
1997 Robert C. Merton, Myron S. Scholes
“for a new method to determine the value of derivatives”
1996 James A. Mirrlees, William Vickrey
“for their fundamental contributions to the economic theory of incentives under asymmetric ination”
1995 Robert E. Lucas Jr.
“for having developed and applied the hypothesis of rational expectations, and thereby having transed macroeconomic analysis and deepened our understanding of economic policy”
1994 John C. Harsanyi, John F. Nash Jr., Reinhard Selten
“for their pioneering analysis of equilibria in the theory of non-cooperative games”
1993 Robert W. Fogel, Douglass C. North
“for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change”
1992 Gary S. Becker
“for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour”
1991 Ronald H. 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 M. Markowitz, Merton H. Miller, William F. Sharpe
“for their pioneering work in the theory of financial economics”
1989 Trygve Haavelmo
“for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures”
1988 Maurice Allais
“for his pioneering contributions to the theory of markets and efficient utilization of resources”
1987 Robert M. Solow
“for his contributions to the theory of economic growth”
1986 James M. Buchanan Jr.
“for his development of the contractual and constitutional bases for the theory of economic and political decision-making”
1985 Franco Modigliani
“for his pioneering analyses of saving and of financial markets”
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 Gerard Debreu
“for having incorporated new analytical methods into economic theory and for his rigorous reulation of the theory of general equilibrium”
1982 George J. 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 R. Klein
“for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies”
1979 Theodore W. Schultz, Sir 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 Bertil Ohlin, James E. Meade
“for their pathbreaking contribution to the theory of international trade and international capital movements”
1976 Milton Friedman
“for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy”
1975 Leonid Vitaliyevich Kantorovich, Tjalling C. Koopmans
“for their contributions to the theory of optimum allocation of resources”
1974 Gunnar Myrdal, Friedrich August von Hayek
“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 -output method and for its application to important economic problems”
1972 John R. Hicks, Kenneth J. Arrow
“for their pioneering contributions to general economic equilibrium theory and welfare theory”
1971 Simon Kuznets
“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 Paul A. Samuelson
“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

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Nobel Prize Owners and their contributions