Economics Nobel Prize

The Nobel Prize in Economic Sciences, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, recognizes significant contributions to the field of economics. Established in 1968, it honors individuals whose work enhances our understanding of economic processes, insights, and policies. The prize can be awarded for various areas, including market behavior, economic theory, and welfare economics. Recipients, known as laureates, are celebrated for their innovative research, which may influence government policy, improve economic practices, and advance scholarly understanding of economic phenomena.