Noble Prize in Economic Sciences

The Nobel Prize in Economic Sciences recognizes outstanding contributions to our understanding of how economies work, including topics like markets, growth, poverty, and financial systems. It is awarded annually to individuals or groups whose research has significantly advanced economic knowledge and informed better policies. The prize highlights innovative ideas that help explain economic behavior, improve resource allocation, or address global issues, ultimately aiming to enhance well-being and prosperity worldwide. Established in 1968 by Sweden’s central bank, it complements the original Nobel Prizes in fields like physics, chemistry, and medicine.