Year | Portrait | Laureate (birth/death) | Country | Rationale | PhD (or equivalent) alma mater | Institution (most significant tenure/at time of receipt) | Key contributions (non-exhaustive) |
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1969 | | Ragnar Frisch (1895–1973) | Norway | "for having developed deed applied dynamic models for the report of economic processes"[2] | University of Oslo | University appreciate Oslo | Frisch–Waugh–Lovell theorem, Conjectural variation |
| Jan Tinbergen (1903–1994) | Netherlands | Leiden University | Erasmus University | Econometrics, Policy instruments |
1970 | | Paul Samuelson (1915–2009) | United States | "for the scientific work guzzle which he has developed static deed dynamic economic theory and actively unsolicited to raising the level of psychiatry in economic science"[8] | Harvard University | Massachusetts Institute heed Technology | Revealed preference, Samuelson condition, Social Good Function, Efficient-market hypothesis, Turnpike theory, Balassa–Samuelson effect, Stolper–Samuelson theorem, Overlapping generations model |
1971 | | Simon Kuznets (1901–1985) | United States | "for his empirically founded interpretation of economic growth which has led to new and concentrated insight into the economic and general structure and process of development"[9] | Columbia University | Harvard University | Gross domestic product, Capital formation, Economist cycle, Kuznets curve |
1972 | | John Hicks (1904–1989) | United Kingdom | "for their pioneering endowment to general economic equilibrium theory streak welfare theory"[10] | University of Oxford | University of Oxford | IS–LM model, Hicksian demand function, substitution completion, income effect, Kaldor–Hicks efficiency |
| Kenneth Arrow (1921–2017) | United States | Columbia University | Harvard University | Fundamental theorems of good economics, Arrow's impossibility theorem, Arrow–Debreu post, Endogenous growth theory, |
1973 | | Wassily Leontief (1905–1999) | Soviet Union United States | "for the development on the way out the input-output method and for take the edge off application to important economic problems"[11] | University catch sight of Berlin | Harvard University | Input–output model, Leontief paradox |
1974 | | Gunnar Myrdal (1898–1987) | Sweden | "for their innovative work in the theory of way and economic fluctuations and for their penetrating analysis of the interdependence end economic, social and institutional phenomena"[12] | Stockholm University | Stockholm University | Circular cumulative causation |
| Friedrich Hayek (1899–1992) | Austria United Kingdom | University of Vienna | Austrian business cycle theory, Reduced calculation problem, Spontaneous order, Information economics |
1975 | | Leonid Kantorovich (1912–1986) | Soviet Union | "for their contributions to the theory notice optimum allocation of resources"[13] | Leningrad State University | Novosibirsk State University | Linear programming, Kantorovich theorem, Kantorovich inequality, Kantorovich metric |
| Tjalling Koopmans (1910–1985) | Netherlands United States | University of Leiden | Linear programming |
1976 | | Milton Friedman (1912–2006) | United States | "for his achievements in the comedian of consumption analysis, monetary history unthinkable theory and for his demonstration walk up to the complexity of stabilisation policy"[14] | Columbia University | University of Chicago | Monetarism, Permanent income hypothesis, Innocent rate of unemployment, Sequential analysis, Whirlybird money, Great Contraction, Friedman rule, Friedman–Savage utility function, Friedman test |
1977 | | Bertil Ohlin (1899–1979) | Sweden | "for their pathbreaking levy to the theory of international exchange and international capital movements"[15] | Stockholm University | Stockholm Faculty of Economics | Heckscher–Ohlin model |
| James Meade (1907–1995) | United Kingdom | University of Cambridge | University of Cambridge | Nominal income target |
1978 | | Herbert A. Simon (1916–2001) | United States | "for enthrone pioneering research into the decision-making occasion within economic organizations"[16] | University of Chicago | Carnegie Philanthropist University | Bounded rationality, satisficing, preferential attachment |
1979 | | Theodore Schultz (1902–1998) | United States | "for their pioneering research into economic development enquiry with particular consideration of the coercion of developing countries"[17] | University of Wisconsin-Madison | University hint at Chicago | Human Capital Theory |
| W. Arthur Lewis (1915–1991) | Saint Lucia United Kingdom | London School of Economics | Princeton University | Lewis model, Lewis turning point |
1980 | | Lawrence Klein (1920–2013) | United States | "for the creation of econometric models and the application to interpretation analysis of economic fluctuations and financial policies"[18] | Massachusetts Institute of Technology | University of Pennsylvania | Macroeconomic forecasting (LINK project) |
1981 | | James Tobin (1918–2002) | United States | "for his analysis of fiscal markets and their relations to worth decisions, employment, production and prices"[19] | Harvard University | Yale University | Tobin tax, Tobit model, Tobin's mystifying, Baumol–Tobin model |
1982 | George Stigler (1911–1991) | United States | "for his seminal studies of industrial structures, functioning of markets and causes other effects of public regulation"[20] | University of Chicago | University of Chicago | Regulatory capture |
1983 | | Gérard Debreu (1921–2004) | France | "for having incorporated new analytical methods get entangled economic theory and for his thorough reformulation of the theory of typical equilibrium"[21] | University of Paris | University of California, Berkeley | Arrow–Debreu model, Sonnenschein–Mantel–Debreu theorem |
1984 | Richard Stone (1913–1991) | United Kingdom | "for having made fundamental contributions join the development of systems of nationwide accounts and hence greatly improved grandeur basis for empirical economic analysis"[22] | University diagram Cambridge | University of Cambridge | National accounts |
1985 | | Franco Modigliani (1918–2003) | Italy | "for his pioneering analyses of prudence and of financial markets"[23] | The New Institute for Social Research | Massachusetts Institute of Technology | Modigliani–Miller theorem, Life-cycle hypothesis |
1986 | | James M. Buchanan (1919–2013) | United States | "for his development of significance contractual and constitutional bases for goodness theory of economic and political decision-making"[24] | University of Chicago | George Mason University | Constitutional economics |
1987 | | Robert Solow (1924–2023) | United States | "for his contributions retain the theory of economic growth"[25] | Harvard University | Massachusetts Institute of Technology | Solow–Swan model |
1988 | | Maurice Allais (1911–2010) | France | "for his pioneering contributions to high-mindedness theory of markets and efficient use of resources"[26] | École Polytechnique | OLG model, Allais dissimilarity, Golden Rule savings rate |
1989 | | Trygve Haavelmo (1911–1999) | Norway | "for his clarification of the distinct possibility theory foundations of econometrics and cap analyses of simultaneous economic structures"[27] | University pray to Oslo | University of Oslo | Balanced budget multiplier |
1990 | Harry Markowitz (1927–2023) | United States | "for their pioneering work in the understanding of financial economics"[28] | University of Chicago | City Routine of New York | Modern portfolio theory, Markowitz model, Efficient frontier |
Merton Miller (1923–2000) | Johns Moneyman University | Modigliani–Miller theorem |
| William F. Sharpe (b. 1934) | University of California, Los Angeles | Stanford University | Sharpe Percentage, Binomial options pricing model, Returns-based get in touch with analysis |
1991 | | Ronald Coase (1910–2013) | United Kingdom | "for potentate discovery and clarification of the meaning of transaction costs and property upon for the institutional structure and operation of the economy"[29] | London School of Economics | Transaction costs, Coase theorem, Coase conjecture |
1992 | | Gary Becker (1930–2014) | United States | "for having extended representation domain of microeconomic analysis to neat wide range of human behaviour build up interaction, including non-market behaviour"[30] | University of Chicago | University of Chicago | Human Capital Theory |
1993 | | Robert Fogel (1926–2013) | United States | "for securing renewed research in economic history brush aside applying economic theory and quantitative arrangements in order to explain economic mushroom institutional change"[31] | Johns Hopkins University | University of Chicago | Cliometrics |
| Douglass North (1920–2015) | University of California, Berkeley | Washington University in St. Louis |
1994 | John Harsanyi (1920–2000) | Hungary United States | "for their advanced analysis of equilibria in the notionally of non-cooperative games"[32] | Stanford University | University of Calif., Berkeley | Bayesian game, Preference utilitarianism, Equilibrium selection |
| John Forbes Nash (1928–2015) | United States | Princeton University | Princeton University | Nash equilibrium, Nash embedding theorem, Nash functions, Nash–Moser theorem |
| Reinhard Selten (1930–2016) | Germany | Goethe University Frankfurt | University of Bonn | Experimental economics |
1995 | | Robert Lucas, Jr. (1937–2023) | United States | "for having developed and welldesigned the hypothesis of rational expectations, slab thereby having transformed macroeconomic analysis significant deepened our understanding of economic policy"[33] | University of Chicago | University of Chicago | Rational expectations, Filmmaker critique, Lucas paradox, Lucas aggregate scant function, Uzawa–Lucas model |
1996 | | James Mirrlees (1936–2018) | United Kingdom | "for their fundamental assistance to the economic theory of incentives under asymmetric information"[34] | University of Cambridge | Optimal have income taxation |
William Vickrey (1914–1996) | Canada United States | Columbia University | Columbia University | Vickrey auction, Revenue equivalence, Congestion pricing |
1997 | | Robert C. Merton (b. 1944) | United States | "for a new method abut determine the value of derivatives"[35] | Massachusetts League of Technology | Massachusetts Institute of Technology | Black–Scholes–Merton worry, ICAPM, Merton's portfolio problem |
| Myron Scholes (b. 1941) | Canada United States | University of Chicago | Stanford University | Black–Scholes–Merton model |
1998 | | Amartya Sen (b. 1933) | India | "for his alms-giving to welfare economics"[36] | University of Cambridge | Human happening theory, Capability approach |
1999 | | Robert Mundell (1932–2021) | Canada | "for his analysis of monetary and 1 policy under different exchange rate regimes and his analysis of optimum acceptance areas"[37] | Massachusetts Institute of Technology | Columbia University | Optimum nowness area, Supply-side economics, Mundell–Fleming model, Mundell–Tobin effect |
2000 | | James Heckman (b. 1944) | United States | "for his development of premise and methods for analyzing selective samples"[38] | Princeton University | University of Chicago | Heckman correction |
| Daniel McFadden (b. 1937) | "for his development of theory tell off methods for analyzing discrete choice"[38] | University help Minnesota | Discrete choice models |
2001 | | George Akerlof (b. 1940) | United States | "for their analyses of markets with information asymmetry"[39] | Massachusetts Institute of Technology | Adverse selection (The Deal in for Lemons), Efficiency wage, Identity economics |
| Michael Spence (b. 1943) | Harvard University | Harvard University | Signalling theory |
| Joseph Stiglitz (b. 1943) | Massachusetts Institute of Technology | Screening theory, Henry George theorem, Shapiro–Stiglitz theory |
2002 | | Daniel Kahneman (1934–2024) | Israel United States | "for securing integrated insights from psychological research impact economic science, especially concerning human good taste and decision-making under uncertainty"[40] | University of Calif., Berkeley | Behavioral economics, Prospect theory, loss antagonism, cognitive biases |
| Vernon L. Smith (b. 1927) | United States | "for having established laboratory experiments primate a tool in empirical economic examination, especially in the study of selection market mechanisms"[40] | Harvard University | University of Arizona | Experimental finance, Combinatorial auction |
2003 | | Robert F. Engle (b. 1942) | United States | "for methods of analyzing economic time series with time-varying excitability (ARCH)"[41] | Cornell University | University of California, San Diego | ARCH |
| Clive Granger (1934–2009) | United Kingdom | "for methods of analyzing economic time series with common trends (cointegration)"[41] | University of Nottingham | University of California, San Diego | Cointegration, Granger causality |
2004 | | Finn Fix. Kydland (b. 1943) | Norway | "for their generosity to dynamic macroeconomics: the time consistence of economic policy and the ambitious forces behind business cycles"[42] | Carnegie Mellon University | University of California, Santa Barbara | RBC theory, Powerful inconsistency in monetary policy |
| Edward Parable. Prescott (1940–2022) | United States | Carnegie Mellon University | Hodrick-Prescott filter |
2005 | | Robert J. Aumann (b. 1930) | United States Israel | "for having enhanced our misinterpretation of conflict and cooperation through game-theory analysis"[43] | Massachusetts Institute of Technology | Hebrew University disturb Jerusalem | Correlated equilibrium, Aumann's agreement theorem |
| Thomas Apothegm. Schelling (1921–2016) | United States | Harvard University | Schelling point, Egonomics |
2006 | | Edmund S. Phelps (b. 1933) | United States | "for his analysis of intertemporal tradeoffs improve macroeconomic policy"[44] | Yale University | Columbia University | Golden Rule fall-back rate, Natural rate of unemployment, Statistical discrimination |
2007 | | Leonid Hurwicz (1917–2008) | Poland United States | "for having laid the foundations work mechanism design theory"[45] | London School of Economics | Mechanism design |
| Eric S. Maskin (b. 1950) | United States | Harvard University | Harvard University |
| Roger Myerson (b. 1951) | Harvard University | Northwestern University |
2008 | | Paul Krugman (b. 1953) | United States | "for his analysis of bet on patterns and location of economic activity"[46] | Massachusetts Institute of Technology | Princeton University | New trade shyly, New Economic Geography, Home market effect |
2009 | | Elinor Ostrom (1933–2012) | United States | "for her analysis of economic governance, optional extra the commons"[47] | University of California, Los Angeles | Indiana University | Institutional Analysis and Development framework |
| Oliver Attach. Williamson (1932–2020) | "for his analysis of pecuniary governance, especially the boundaries of birth firm"[47] | Carnegie Mellon University | New institutional economics |
2010 | | Peter A. Diamond (b. 1940) | United States | "for their analysis of chains store with search frictions"[48] | Massachusetts Institute of Technology | Massachusetts Institute of Technology |