Nobel Prize in Economics

The Nobel Prize in Economics, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, honors outstanding contributions to economic science. Established in 1968, it recognizes research that enhances our understanding of economic processes, theories, and practices. Awarded annually, it acknowledges work that influences economic policy and thought, addressing real-world issues like markets, poverty, and development. Scholars from various fields, including behavioral economics and game theory, have been recognized. The prize highlights the importance of economics in shaping societies and improving living standards globally.