Noble Prize in Economics

The Nobel Prize in Economics, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is awarded annually to individuals who have made significant contributions to economic research and theory. Established in 1968, it recognizes innovative work that enhances our understanding of economics and can influence policy and practice. Recipients, known as Nobel Laureates, often explore topics like market dynamics, economic growth, poverty, and financial systems, helping to address complex economic challenges. The prize highlights the importance of economics in shaping society and improving living standards globally.