the Nobel Memorial Prize in Economic Sciences

The Nobel Memorial Prize in Economic Sciences, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968. It honors outstanding contributions to the field of economics, recognizing work that enhances our understanding of economic processes, policies, and issues. Like the original Nobel Prizes, it aims to acknowledge individuals whose efforts have made significant impacts on society. Winners are selected by the Royal Swedish Academy of Sciences and their research often influences economic theory, practice, and policy worldwide—addressing topics like poverty, market dynamics, and economic growth.