Nobel Memorial Prize in Economic Sciences

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Nobel Memorial Prize in Economic Sciences

Economics awardThe 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), is an economics prize administered by the Nobel Foundation and generally regarded as the Nobel award for Economics. [5][6][7][8] As it is not one of the prizes that Alfred Nobel established in his will in 1895, it is not a Nobel Prize. [8][13][14]In 2020 Paul Milgrom and Robert B. Wilson were awarded the Nobel Memorial Prize in Economic Sciences for their work on auction theory. [34]In his speech at the 1974 Nobel Prize banquet, Friedrich Hayek stated that had he been consulted on the establishment of a Nobel Prize in economics, he would \"have decidedly advised against it\"[30][35] primarily because, \"The Nobel Prize confers on an individual an authority which in economics no man ought to possess.... The Nobel Foundation's translations of the Swedish name into English have varied since 1969:Years English translations 1969–1970 Prize in Economic Science dedicated to the memory of Alfred Nobel[46][47] 1971 Prize in Economic Science[48] 1972 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel[49] 1973–1975 Prize in Economic Science in Memory of Alfred Nobel[50][51] 1976–1977 Prize in Economic Sciences in Memory of Alfred Nobel[52][53] 1978–1981 Alfred Nobel Memorial Prize in Economic Sciences[54][55] 1982 Alfred Nobel Memorial Prize in Economic Science[56] 1983 Prize in Economic Sciences in Memory of Alfred Nobel[57] 1984–1990 Alfred Nobel Memorial Prize in Economic Sciences[58][59] 1991 Sveriges Riksbank (Bank of Sweden) Prize in Economic Sciences in Memory of Alfred Nobel[60] 1992–2005 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel[61][62] 2006–present The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel[63][64]See also [ edit ]Notes [ edit ]

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