For their seminal contributions to understanding the relationship of stock returns and business fluctuations:
Eugene F. Fama Robert R. McCormick Distinguished Service Professor of Finance
Graduate School of Business
University of Chicago, Chicago, Ill., USA
and
Kenneth R. French Carl E. and Catherine M. Heidt Professor of Finance
Tuck School of Business, Dartmouth College
Hanover, N.H., USA
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For his development of 'new growth theory', which addresses a fundamental question in economics: what sustains economic growth in a world characterized by diminishing returns and scarcity:
Paul Michael Romer
Stanford University Graduate School of Business, Hoover Institution, Stanford, CA USA
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For his pioneering contributions in empirical macroeconomics, ranging over many fields, but especially for work in public debt in the 1970s:
Robert J. Barro
Robert C. Waggoner Professor of Economics
Harvard University, Cambridge, Mass.,
Senior Fellow of the Hoover Institution
Stanford, Calif., USA