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Economics Nobel Prizes
2010PETER A. DIAMOND, DALE T. MORTENSEN and CHRISTOPHER A. PISSARIDES, for their analysis of markets with search frictions
2009ELINOR OSTROM, for her analysis of economic governance, especially the commons, and OLIVER E. WILLIAMSON, for his analysis of economic governance, especially the boundaries of the firm
2008PAUL KRUGMAN, for his analysis of trade patterns and location of economic activity.
2007LEONID HURWICZ, ERIC S. MASKIN and ROGER B. MYERSON, for having laid the foundations of mechanism design theory.
2006EDMUND S. PHELPS, for his analysis of intertemporal tradeoffs in macroeconomic policy.
2005ROBERT J. AUMANN and THOMAS C. SCHELLING, for having enhanced our understanding of conflict and cooperation through game-theory analysis.
2004FINN E. KYDLAND and EDWARD C. PRESCOTT, for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles.
2003ROBERT F. ENGLE, for methods of analyzing economic time series with time-varying volatility (ARCH), and CLIVE W. J. GRANGER, for methods of analyzing economic time series with common trends (cointegration).
2002DANIEL KAHNEMAN, for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty, andVERNON L. SMITH, for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms.
2001GEORGE A. AKERLOF, A. MICHAEL SPENCE, and JOSEPH E. STIGLITZ, for their analyses of markets with asymmetric information.
2000JAMES J. HECKMAN for his development of theory and methods for analyzing selective samples and DANIEL L. MCFADDEN for his development of theory and methods for analyzing discrete choice.
1999ROBERT A. MUNDELL for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.
1998AMARTYA SEN for his contributions to welfare economics.
1997ROBERT C. MERTON and MYRON S. SCHOLES for a new method to determine the value of derivatives.
1996JAMES A. MIRRLEES and WILLIAM VICKREY for their fundamental contributions to the economic theory of incentives under asymmetric information.
1995ROBERT E. LUCAS for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy.
1994JOHN C. HARSANYI, JOHN F. NASH and REINHARD SELTEN for their pioneering analysis of equilibria in the theory of non-cooperative games.
1993ROBERT W. FOGEL and 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.
1992GARY S. BECKER for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour.
1991RONALD 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.
1990HARRY M. MARKOWITZ, MERTON M. MILLER and WILLIAM F. SHARPE for their pioneering work in the theory of financial economics.
1989TRYGVE HAAVELMO for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures.
1988MAURICE ALLAIS for his pioneering contributions to the theory of markets and efficient utilization of resources.
1987ROBERT M. SOLOW for his contributions to the theory of economic growth.
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