What countries have won Nobel Prize in Economics?
For year 2018, the Nobel Prize in Economics has been awarded to the American economists William D. Nordhaus and Paul M. Romer. Mr. Nordhaus suggested that economic growth can depend on the climatic factors and environment of a region as well, whereas Mr. Romer cited the importance of technological change. They both helped in understanding the long-term determinants of economic growth with a clearer perspective.
Nobel Prize is the most celebrated honor given to the people for their exceptional contribution in their respective fields. It is presented as a mark of excellence that brings about a change in the society. Exceptional contributions in the fields of physics, chemistry, medicine, peace, literature, and economics.
The foundations for the prize were laid in 1895 by Alfred Nobel. Nobel Prize in Economics is a relatively new award which was first established in 1968 on the Swedish National Bank’s 300th anniversary.
Each year the countries and universities worldwide suggest the nominees for the award, and the nomination process usually begins in September every year. Royal Swedish Academy of Sciences in Stockholm awards the prize to the recipients on an annual basis. Since 1969, 49 prizes have been awarded of which only 1 woman has received the award.
Economics is the field of study that determines the scarcity. It analyses the cycle of demand and supply, thus enabling the allocation of available resources in the best possible ways. By analyzing the trends, economics helps to understand the disparity between the rich and the poor. This, in turn, helps to formulate effective economic measures to close the inequality gap.
Here is a list of all the laureates who have won the Nobel Prize in Economics.
| Year | Laureates | Country |
| 1970 | Paul Samuelson | United States |
| 1971 | Simon Kuznets | United States |
| 1972 | Kenneth Arrow | United States |
| 1976 | Milton Friedman | United States |
| 1978 | Herbert A. Simon | United States |
| 1979 | Theodore Schultz | United States |
| 1980 | Lawrence Klein | United States |
| 1981 | James Tobin | United States |
| 1982 | George Stigler | United States |
| 1986 | James M. Buchanan | United States |
| 1987 | Robert Solow | United States |
| 1990 | Harry Markowitz | United States |
| 1990 | Merton Miller | United States |
| 1990 | William F. Sharpe | United States |
| 1992 | Gary Becker | United States |
| 1993 | Robert Fogel | United States |
| 1993 | Douglass North | United States |
| 1994 | John Harsanyi | United States |
| 1994 | John Forbes Nash | United States |
| 1995 | Robert Lucas, Jr. | United States |
| 1997 | Robert C. Merton | United States |
| 2000 | James Heckman | United States |
| 2000 | Daniel McFadden | United States |
| 2001 | George Akerlof | United States |
| 2001 | Michael Spence | United States |
| 2001 | Joseph E. Stiglitz | United States |
| 2002 | Vernon L. Smith | United States |
| 2003 | Robert F. Engle | United States |
| 2004 | Edward C. Prescott | United States |
| 2005 | Thomas C. Schelling | United States |
| 2006 | Edmund S. Phelps | United States |
| 2007 | Eric S. Maskin | United States |
| 2007 | Roger B. Myerson | United States |
| 2008 | Paul Krugman | United States |
| 2009 | Elinor Ostrom | United States |
| 2009 | Oliver E. Williamson | United States |
| 2010 | Peter A. Diamond | United States |
| 2010 | Dale T. Mortensen | United States |
| 2011 | Thomas J. Sargent | United States |
| 2011 | Christopher A. Sims | United States |
| 2012 | Alvin E. Roth | United States |
| 2012 | Lloyd S. Shapley | United States |
| 2013 | Eugene F. Fama | United States |
| 2013 | Lars Peter Hansen | United States |
| 2013 | Robert J. Shiller | United States |
| 2017 | Richard Thaler | United States |
| 2016 | Oliver Hart | United States |
| 2015 | Angus Deaton | United States |
| 1996 | William Vickrey | United States |
| 1997 | Myron Scholes | United States |
| 1975 | Tjalling Koopmans | United States |
| 1973 | Wassily Leontief | United States |
| 2002 | Daniel Kahneman | United States |
| 2007 | Leonid Hurwicz | United States |
| 1979 | Arthur Lewis | United States |
| 1972 | John Hicks | United Kingdom |
| 1977 | James Meade | United Kingdom |
| 1984 | Richard Stone | United Kingdom |
| 1991 | Ronald Coase | United Kingdom |
| 1996 | James Mirrlees | United Kingdom |
| 2003 | Clive Granger | United Kingdom |
| 1974 | Friedrich Hayek | United Kingdom |
| 1983 | Gérard Debreu | France |
| 1988 | Maurice Allais | France |
| 2014 | Jean Tirole | France |
| 1969 | Ragnar Frisch | Norway |
| 1989 | Trygve Haavelmo | Norway |
| 2004 | Finn E. Kydland | Norway |
| 1974 | Gunnar Myrdal | Sweden |
| 1977 | Bertil Ohlin | Sweden |
| 1999 | Robert Mundell | Canada |
| 2010 | Christopher A. Pissarides | Cyprus |
| 2005 | Robert J. Aumann | Israel |
| 1969 | Jan Tinbergen | Netherlands |
| 1975 | Leonid Kantorovich | Soviet Union |
| 2016 | Bengt Holmström | Finland |
| 1994 | Reinhard Selten | Germany |
| 1998 | Amartya Sen | India |
| 1985 | Franco Modigliani | Italy |
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