16 October 1979 THIS YEAR’s ECONOMICS PRIZE AWARDED TO DEVELOPING-COUNTRY RESEARCH has decided to award the 1979 Alfred Nobel Memorial Prize in Economic Sciences to be shared by Professor Theodore W. Schultz, University of Chicago, USA, and Professor Sir Arthur Lewis, Princeton University, USA, for their pioneering research into economic development research with particular consideration…

17 October 1983 THIS YEAR’s ECONOMICS PRIZE AWARDED FOR RESEARCH ON MARKET EQUILIBRIUM has decided to award the 1983 Prize in Economic Sciences in Memory of Alfred Nobel to Professor Gerard Debreu, University of California, Berkeley, USA, for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of…

I was born in Milwaukee, Wisconsin, on June 15, 1916. My father, an electrical engineer, had come to the United States in 1903 after earning his engineering diploma at the Technische Hochschule of Darmstadt, Germany. He was an inventor and designer of electrical control gear, later also a patent attorney. An active leader in professional…

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Your Majesties, Your Royal Highnesses, Your Excellencies, Honored Laureates, Ladies and Gentlemen Let me begin by thanking the committee for granting this year’s prize in Economic Sciences to me, my colleague Lars Peter Hansen, and Robert Shiller. I have learned much over the years from Lars’s work and from listening to his…

As the children of immigrants, my parents were raised in Scandinavian Minnesota. My mother, Verna Ecklund, was a university student for only one year but my father, Thomas Peter Mortensen, graduated from the School of Forestry at the University of Minnesota in 1936. They were married shortly after and moved to Enterprise, Oregon, where I…

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