Nobel Memorial Prize in Economic Sciences

The Nobel Memorial Prize in Economic Sciences is an award given annually to outstanding researchers who make significant contributions to understanding how economies work. Established in 1968, it recognizes work in areas like markets, finance, development, and policy analysis. The prize highlights innovative ideas that improve decision-making, address economic challenges, and shape economic policies. While not originally part of the Nobel Foundation, it is highly prestigious and aims to promote knowledge that benefits societies and enhances economic well-being worldwide.