Year | Laureate | Field | Prize Citation |
1969 | Ragnar Frisch Oslo University
|
Econometrics | For having developed and applied dynamic models for the analysis of economic processes |
1970 | Paul A. Samuelson Massachusetts Institute of Technology |
Partial and General Equilibrium Theory | 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 |
1971 | Simon Kuznets Harvard University |
Economic Growth and Economic History | 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 |
1972 | Sir John R. Hicks Oxford University Kenneth J. Arrow |
General Equilibrium Theory | For their pioneering contributions to general economic equilibrium theory and welfare theory |
1973 | Wassily Leontief Harvard University |
Input-Output Analysis | For the development of the input-output method and for its application to important economic problems |
1974 | Gunnar Myrdal University of Stockholm Friedrich von Hayek |
Macroeconomics and Institutional Economics | 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 |
1975 | Leonid Kantorovich Academy of Sciences, Moscow Tjalling C. Koopmans |
Theory of Optimum Allocation of Resources | For their contributions to the theory of optimum allocation of resources |
1976 | Milton Friedman University of Chicago |
Macroeconomics | For his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy |
1977 | Bertil Ohlin Stockholm School of Economics James E. Meade |
International Economics | For their pathbreaking contribution to the theory of international trade and international capital movements |
1978 | Herbert A. Simon Carnegie-Mellon University |
Administrative (Management) Science | For his pioneering research into the decision-making process within economic organizations |
1979 | Theodore W. Schultz University of Chicago Sir Arthur Lewis |
Development Economics | For their pioneering research into economic development, with particular consideration of the problems of developing countries |
1980 | Lawrence R. Klein University of Pennsylvania |
Macroeconometrics | For the creation of econometric models and their application to the analysis of economic fluctuations and economic policies |
1981 | James Tobin Yale University |
Macroeconomics | For his analysis of financial markets and their relations to expenditure decisions, employment, production and prices |
1982 | George J. Stigler University of Chicago |
Industrial Organization | For his seminal studies of industrial structure, functioning of markets and causes and effects of public regulation |
1983 | Gerard Debreu University of California, Berkeley |
General Equilibrium Theory | For having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium |
1984 | Sir Richard Stone Cambridge University |
National Income Accounting | For having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis |
1985 | Franco Modigliani Massachusetts Institute of Technology |
Macroeconomics | For his pioneering analyses of saving and of financial markets |
1986 | James M. Buchanan, Jr. George Mason University |
Public Finance | For his development of the contractual and constitutional bases for the theory of economic and political decision-making |
1987 | Robert M. Solow Massachusetts Institute of Technology |
Economic Growth Theory | For his contributions to the theory of economic growth |
1988 | Maurice Allais École Nationale Supérieur des Mines de Paris |
Partial and General Equilibrium Theory | For his pioneering contributions to the theory of markets and efficient utilization of resources |
1989 | Trygve Haavelmo University of Oslo |
Econometrics | For his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures |
1990 | Harry M. Markowitz City University of New York Merton M. Miller William F. Sharpe |
Financial Economics | For their pioneering work in the theory of financial economics |
1991 | Ronald H. Coase University of Chicago |
Theory of Institutions | For his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy |
1992 | Gary S. Becker University of Chicago |
Microeconomics and Economic Sociology | For having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including nonmarket behavior |
1993 | Robert W. Fogel University of Chicago Douglass C. North |
Economic History | For having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change |
1994 | John C. Harsanyi University of California, Berkeley John F. Nash Reinhard Selten |
Game Theory | For their pioneering analysis of equilibria in the theory of non-cooperative games |
1995 | Robert E. Lucas, Jr. University of Chicago |
Macroeconomics | For having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy |
1996 | James A. Mirrlees University of Cambridge William Vickrey Columbia University |
Economics of Information | For their fundamental contributions to the economic theory of incentives under asymmetric information |
1997 | Robert C. Merton Harvard University Myron S. Scholes |
Financial Economics | For a new method to determine the value of derivatives |
1998 | Amartya Sen University of Cambridge |
Welfare Economics | For his contributions to welfare economics |
1999 | Robert A. Mundell Columbia University |
International Macroeconomics |
For his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas |
2000 | James J. Heckman University of Chicago Daniel L. McFadden |
Econometrics |
For his development of theory and methods for analyzing selective samples For his development of theory and methods for analyzing discrete choice |
2001 | George A. Akerlof University of California A. Michael Spence Stanford University Joseph E. Stiglitz |
Economics of information |
For their analyses of markets with asymmetric information |
2002 | Daniel Kahneman Princeton University
|
Economic psychology and experimental economics |
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 |
2003 | Robert F. Engle New York University Clive W. J. Granger |
Econometrics |
For methods of analyzing economic time series with time-varying volatility (ARCH) For methods of analyzing economic time series with common trends (cointegration) |
2004 | Finn E. Kydland Carnegie Mellon University Edward C. Prescott Arizona State University |
Macroeconomics | For their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles |
2005 |
Robert J. Aumann Hebrew University of Jerusalem Thomas C. Schelling |
Game Theory | For having enhanced our understanding of conflict and cooperation through game-theory analysis |
2006 | Edmund S. Phelps Columbia University | Macroeconomics | For his analysis of intertemporal tradeoffs in macroeconomic policy |
2007 | Leonid Hurwicz University of Minnesota Eric S. Maskin Roger B. Myerson |
Microeconomics |
For having laid the foundations of mechanism design theory |