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Nobel Prize for Economics

areppim chart and statistics of economics Nobel prize winners from 1969 to 2018, indicating the names, nationality and affiliation where applicable.


The Nobel Prize for economics has been awarded 56 times or 67% of the time to nationals of the United States. This illustrates beyond dispute the unchallenged influence of the US-bred economic doctrine among the experts that advise the Royal Bank of Sweden in the process of nominating and selecting the lucky recipient of the prize since its inception.

Skeptics suggest that financial and economic crises such as those that plagued the world in 1998, and more recently and much more dramatically since December 2007, are closely related to the recipes concocted by some prominent US prize winners, and enthusiastically implemented by the US leadership at home and wherever its reach extends. That such recipes end up plunging the world into ever deepening insolvency for the swelling benefit of the holders of the world finances should not come as a surprise. The fact that the wizard recipients of the prize are selected by a bank, namely the Royal Bank of Sweden, is revealing. The core business of banking being to create debt by lending money, banks can't but bless any rationalizations that may drive people to sink in debt, and spend their lifetime struggling to pay interest to feed the financiers' rent.

Obviously, the high priests of official economics discard skepticism as loathsome heterodoxy — better still they plainly ignore it and throw it into oblivion. Whatever the flavor, the economic thinking that catches the attention of the Royal Bank of Sweden, and a fortiori is eligible to the award, never dares to step over the red line of orthodoxy, however unrealistic it may be. For the Nobel committee, as well as for the clerics of official economics, the sun goes on revolving around the earth, and the earth still is and will remain flat. The Copernicus and Magellan of economics will have a hard time to shake the walls of orthodoxy.

In the chart, former Soviet Union appears under Russia. Double nationals appear twice, once for each nationality.

Royal Bank of Sweden Prize for Economy in Memory of Alfred Nobel

(Nobel Prize for Economics)
1969 - 2018

YearNameGenderCitizenshipSecond CitizenshipBornAffiliation at the time of the award
2018William DawbneyNordhausMaleUnited States1941Yale University, New Haven, CT, USA
2018Paul MichaelRomer MaleUnited States1955NYU Stern School of Business, New York, NY, USA
2017Richard H.ThalerMaleUnited States 1945The University of Chicago Booth School of Business, IL, USA.
2016Oliver HartMaleUnited Kingdom 1948Harvard University, Cambridge, MA, USA
2016BengtHolmströmMaleFinland 1949Massachusetts Institute of Technology (MIT), Cambridge, MA, USA
2015AngusDeatonMaleUnited Kingdom 1945Princeton University, Princeton, NJ, USA.
2014JeanTiroleMaleFrance 1953Toulouse 1 Capitole University, Toulouse, France.
2013Eugene F.FamaMaleUnited States 1939University of Chicago, Chicago, IL, USA.
2013Lars PeterHansenMaleUnited States 1952University of Chicago, Chicago, IL, USA.
2013Robert J.ShillerMaleUnited States 1946Yale University, New Haven, CT, USA.
2012Alvin E.RothMaleUnited States 1951Harvard University Cambridge, MA, USA, and Harvard Business School, Boston, MA, USA
2012Lloyd S.ShapleyMaleUnited States 1922University of California, Los Angeles, CA, USA
2011Thomas J.SargentMaleUnited States 1943New York University
2011Christopher A.SimsMaleUnited States 1942Princeton University
2010Peter A.DiamondMaleUnited States 1940Massachusetts Institute of Technology (MIT)
2010Dale T.MortensenMaleUnited States 1939Northwestern University
2010Christopher A.PissaridesMaleCyprus 1948London School of Economics and Political Science
2009Elinor Ostrom FemaleUnited States 1933Indiana University
2009Oliver E. Williamson MaleUnited States 1932University of California
2008Paul Krugman Paul Krugman MaleUnited States 1953Princeton University
2007LeonidHurwiczMaleRussia 1917University of Minnesota
2007Eric S.MaskinMaleUnited States 1950Princeton University
2007Roger B. MyersonMaleUnited States 1951University of Chicago
2006Edmund S.PhelpsMaleUnited States 1933Columbia University
2005Robert J.AumannMaleIsraelUnited States1930University of Jerusalem, Center for RationalityHebrew
2005Thomas C.SchellingMaleUnited States 1921University of Maryland, Department of Economics and School of Public Policy
2004Finn E.KydlandMaleNorway 1943University of California
2004Edward C.PrescottMaleUnited States 1940Federal Reserve Bank of Minneapolis
2003Robert F.Engle IIIMaleUnited States 1942New York University
2003Clive W.J.GrangerMaleUnited Kingdom 1934University of California
2002DanielKahnemanMaleUnited StatesIsrael1934Princeton University
2002Vernon L.SmithMaleUnited States 1927George Mason University
2001George A.AkerlofMaleUnited States 1940University of California
2001A. MichaelSpenceMaleUnited States 1943Stanford University
2001Joseph E.StiglitzMaleUnited States 1943Columbia University
2000James J.HeckmanMaleUnited States 1944University of Chicago
2000Daniel L.McFaddenMaleUnited States 1937University of California
1999Robert A.MundellMaleCanada 1932Columbia University
1998AmartyaSenMaleIndia 1933Trinity College
1997Robert C.MertonMaleUnited States 1944Harvard University
1997Myron S.ScholesMaleUnited States 1941Long Term Capital Management
1996James A.MirrleesMaleUnited Kingdom 1936University of Cambridge
1996WilliamVickreyMaleUnited States 1914Columbia University
1995Robert E.Lucas Jr.MaleUnited States 1937University of Chicago
1994John C.HarsanyiMaleUnited States 1920University of California
1994John F.Nash Jr.MaleUnited States 1928Princeton University
1994ReinhardSeltenMaleGermany 1930Rheinische Friedrich-Wilhelms-Universität
1993Robert W.FogelMaleUnited States 1926University of Chicago
1993Douglass C.NorthMaleUnited States 1920Washington University
1992Gary S.BeckerMaleUnited States 1930University of Chicago
1991Ronald H.CoaseMaleUnited Kingdom 1910University of Chicago
1990Harry M.MarkowitzMaleUnited States 1927City University of New York
1990Merton H.MillerMaleUnited States 1923University of Chicago
1990William F.SharpeMaleUnited States 1934Stanford University
1989TrygveHaavelmoMaleNorway 1911University of Oslo
1988MauriceAllaisMaleFrance 1911École Nationale Supérieure des Mines de Paris
1987Robert M.SolowMaleUnited States 1924Massachusetts Institute of Technology (MIT)
1986James M.Buchanan Jr.MaleUnited States 1919Center for Study of Public Choice
1985FrancoModiglianiMaleUnited States 1918Massachusetts Institute of Technology (MIT)
1984RichardStoneMaleUnited Kingdom 1913University of Cambridge
1983GerardDebreuMaleFranceUnited States1921University of California
1982George J.StiglerMaleUnited States 1911University of Chicago
1981JamesTobinMaleUnited States 1918Yale University
1980Lawrence R.KleinMaleUnited States 1920University of Pennsylvania
1979Sir ArthurLewisMaleUnited Kingdom 1915Princeton University
1979Theodore W.SchultzMaleUnited States 1902University of Chicago
1978Herbert A.SimonMaleUnited States 1916Carnegie Mellon University
1977James E.MeadeMaleUnited Kingdom 1907University of Cambridge
1977BertilOhlinMaleSweden 1899Stockholm School of Economics
1976MiltonFriedmanMaleUnited States 1912University of Chicago
1975Leonid VitaliyevichKantorovichMaleSoviet Union 1912Academy of Sciences
1975Tjalling C.KoopmansMaleUnited States 1910Yale University
1974GunnarMyrdalMaleSweden 1898 
1974Friedrich Augustvon HayekMaleUnited Kingdom 1899 
1973WassilyLeontiefMaleUnited States 1906Harvard University
1972Kenneth J.ArrowMaleUnited States 1921Harvard University
1972John R.HicksMaleUnited Kingdom 1904All Souls College
1971SimonKuznetsMaleUnited States 1901Harvard University
1970Paul A.SamuelsonMaleUnited States 1915Massachusetts Institute of Technology (MIT)
1969RagnarFrischMaleNorway 1895University of Oslo
1969JanTinbergenMaleNetherlands 1903The Netherlands School of Economics


Sources: Nobelprize