PEOPLE KNOWN FOR: Nobel Prize - Economics
British economist
F.A. Hayek was an Austrian-born British economist noted for his criticisms of the Keynesian welfare state and of totalitarian socialism. In 1974 he shared the Nobel Prize for Economics with Swedish economist...
American economist
Milton Friedman was an American economist and educator, one of the leading proponents of monetarism in the second half of the 20th century. He was awarded the Nobel Prize for Economics in 1976. (Read Milton...
French American economist
Esther Duflo is a French-American economist who, with Abhijit Banerjee and Michael Kremer, was awarded the 2019 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of...
American economist
Claudia Goldin is an American economist and winner of the 2023 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for “having advanced our understanding...
American economist
Ben Bernanke is an American economist who served as chairman of the Board of Governors of the Federal Reserve System (“the Fed”), the central bank of the United States, from 2006 to 2014. In 2022 he and...
American economist
Michael Kremer is an American economist who, with Abhijit Banerjee and Esther Duflo, was awarded the 2019 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred...
American economist
Richard Thaler is an American economist who was awarded the 2017 Nobel Prize for Economics for his contributions to behavioral economics, a field of microeconomics that applies the findings of psychology...
Turkish-American economist
Daron Acemoglu is a Turkish-American economist and winner, with Simon Johnson and James A. Robinson, of the 2024 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of...
American economist
Paul Milgrom is an American economist who, with Robert Wilson, was awarded the 2020 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for his contributions...
Canadian-American economist
David Card Canadian-American economist who was awarded one-half of the 2021 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) “for his empirical contributions...
American economist
Simon Johnson is an English-American economist and winner, with Daron Acemoglu and James A. Robinson, of the 2024 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of...
Indian-born American economist
Abhijit Banerjee is an Indian-born American economist who, with Esther Duflo and Michael Kremer, was awarded the 2019 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory...
Dutch-American economist
Guido Imbens is a Dutch-American economist who, with the Israeli-American economist Joshua Angrist, was awarded one-half of the 2021 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences...
American economist
Robert B. Wilson is an American economist who, with Paul Milgrom, was awarded the 2020 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for his contributions...
Indian economist
Amartya Sen is an Indian economist who was awarded the 1998 Nobel Prize in Economic Sciences for his contributions to welfare economics and social choice theory and for his interest in the problems of...
Israeli-American economist
Joshua Angrist is an Israeli-American economist who, with the Dutch-American economist Guido Imbens, was awarded one-half of the 2021 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic...
American economist and game theorist
Thomas C. Schelling was an American economist who shared the 2005 Nobel Prize in Economic Sciences with Robert J. Aumann. Schelling specialized in the application of game theory to cases in which adversaries...
Swedish economist and sociologist
Gunnar Myrdal was a Swedish economist and sociologist regarded as a major theorist of international relations and developmental economics. He was awarded the Nobel Prize for Economics in 1974 (his cowinner...
Finnish economist
Bengt Holmström is a Finnish economist who, with Oliver Hart, was awarded the 2016 Nobel Prize for Economics for his contributions to contract theory. Starting in the late 1970s, Holmström and various...
American mathematician
John Nash was an American mathematician who was awarded the 1994 Nobel Prize for Economics for his landmark work, first begun in the 1950s, on the mathematics of game theory. He shared the prize with John...
British American economist
Angus Deaton is a British American economist who received the 2015 Nobel Prize for Economics. His fundamental contributions to the theory of consumption, savings, and the measurement of economic well-being...
American economist
Thomas J. Sargent is an American economist who, with Christopher A. Sims, was awarded the 2011 Nobel Prize for Economics. He and Sims were honoured for their independent but complementary research on how...
American economist
William Nordhaus is an American economist who, with Paul Romer, was awarded the 2018 Nobel Prize for Economics for his contributions to the study of long-term economic growth and its relation to climate...
American economist
Douglas Diamond is an American economist and co-winner, with Ben Bernanke and Philip Dybvig, of the 2022 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred...
Israeli-born psychologist
Daniel Kahneman was an Israeli-born psychologist and a corecipient of the Nobel Prize for Economics in 2002 for his integration of psychological research into economic science. His pioneering work examined...
American economist and statistician
Simon Kuznets was a Russian-born American economist and statistician who won the 1971 Nobel Prize for Economics, cited “for his empirically founded interpretation of economic growth which has led to new...
Canadian economist
Robert A. Mundell was a Canadian-born economist who in 1999 received the Nobel Prize for Economics for his work on monetary dynamics and optimum currency areas. Mundell attended the University of British...
American economist
Robert C. Merton is an American economist known for his work on finance theory and risk management and especially for his contribution to assessing the value of stock options and other derivatives. In...
American economist
Paul Krugman is an American economist and journalist who received the 2008 Nobel Prize for Economics for his work in economic geography and in identifying international trade patterns. He also wrote an...
American economist
Robert J. Shiller is an American economist who, with Eugene F. Fama and Lars Peter Hansen, was awarded the 2013 Nobel Prize for Economics. Shiller, Fama, and Hansen were recognized for their independent...
American mathematician
Lloyd Shapley was an American mathematician who was awarded the 2012 Nobel Prize for Economics. He was recognized for his work in game theory on the theory of stable allocations. He shared the prize with...
French economist
Jean Tirole is a French economist who was awarded the 2014 Nobel Prize for Economics in recognition of his innovative contributions to the study of monopolistic industries, or industries that consist of...
American economist
Peter A. Diamond is an American economist who was a corecipient, with Dale T. Mortensen and Christopher A. Pissarides, of the 2010 Nobel Prize in Economic Sciences “for their analysis of markets with search...
American economist
Edward C. Prescott was an American economist who, with Finn E. Kydland, won the Nobel Prize in Economic Sciences in 2004 for contributions to two areas of dynamic macroeconomics: the time consistency of...
American economist
Christopher A. Sims is an American economist who, with Thomas J. Sargent, was awarded the 2011 Nobel Prize for Economics. He and Sargent were honoured for their independent but complementary research on...
American economist
Vernon L. Smith is an American economist, corecipient of the Nobel Prize for Economics in 2002 for his use of laboratory experiments in economic analysis, which laid the foundation for the field of experimental...
American economist
Joseph E. Stiglitz is an American economist who, with A. Michael Spence and George A. Akerlof, won the Nobel Prize for Economics in 2001 for laying the foundations for the theory of markets with asymmetric...
American economist
Paul Romer is an American economist who, with William Nordhaus, was awarded the 2018 Nobel Prize for Economics for his contributions to the understanding of long-term economic growth and its relation to...
American economist
Philip Dybvig is an American economist and co-winner, with Douglas Diamond and Ben Bernanke, of the 2022 Nobel Prize for Economics (the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred...
Swedish economist
Bertil Ohlin was a Swedish economist and political leader who is known as the founder of the modern theory of the dynamics of trade. In 1977 he shared the Nobel Prize for Economics with James Meade. Ohlin...
American political scientist
Elinor Ostrom was an American political scientist who, with Oliver E. Williamson, was awarded the 2009 Nobel Prize in Economic Sciences “for her analysis of economic governance, especially the commons”...
American economist
Robert E. Lucas, Jr. was an American economist who won the 1995 Nobel Prize for Economics for developing and applying the theory of rational expectations, an econometric hypothesis. Lucas found that individuals...
American economist
James J. Heckman is an American economist, educator, and winner (with Daniel McFadden) of the 2000 Nobel Prize for Economics for his development of theory and methods used in the analysis of individual...
American economist
Kenneth J. Arrow was an American economist known for his contributions to welfare economics and to general economic equilibrium theory. He was cowinner (with Sir John R. Hicks) of the Nobel Prize for Economics...
American economist
Robert F. Engle is an American economist, corecipient of the Nobel Prize for Economics in 2003 for his development of methods for analyzing time series data with time-varying volatility. He shared the...
American economist
Franco Modigliani was an Italian-born American economist and educator who received the Nobel Prize for Economics in 1985 for his work on household savings and the dynamics of financial markets. Modigliani...
American economist
Theodore William Schultz was an American agricultural economist whose influential studies of the role of “human capital”—education, talent, energy, and will—in economic development won him a share (with...
British-American economist
Ronald Coase was a British-born American economist who was awarded the Nobel Prize for Economics in 1991. The field known as new institutional economics, which attempts to explain political, legal, and...
American economist
George A. Akerlof is an American economist who, with A. Michael Spence and Joseph E. Stiglitz, won the Nobel Prize for Economics in 2001 for laying the foundation for the theory of markets with asymmetric...
Norwegian economist
Finn E. Kydland is a Norwegian economist, who, with Edward C. Prescott, won the Nobel Prize in Economic Sciences in 2004 for contributions to dynamic macroeconomics, notably the time consistency of economic...
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