Nobel Memorial Prize in Economic Sciences
Award established in 1968 by Sveriges Riksbank in memory of Alfred Nobel / From Wikipedia, the free encyclopedia
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The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel[2][3][4] (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award funded by Sveriges Riksbank[5] and administered by the Nobel Foundation.
Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel | |
---|---|
Awarded for | Outstanding contributions in Economics or Social Sciences |
Sponsored by | Sveriges Riksbank |
Location | Stockholm, Sweden |
Presented by | Royal Swedish Academy of Sciences |
Reward(s) | 11 million SEK (2023)[1] |
First awarded | 1969 |
Currently held by | Claudia Goldin (2023) |
Website | nobelprize.org |
Although not one of the five Nobel Prizes established by Alfred Nobel's will in 1895,[6] it is commonly referred to as the Nobel Prize in Economics,[7] and is administered and referred to along with the Nobel Prizes by the Nobel Foundation.[8] Winners of the Prize in Economic Sciences are chosen in a similar manner as and announced alongside the Nobel Prize recipients, and receive the Prize in Economic Sciences at the Nobel Prize Award Ceremony.[6][9]
That the prize is not an original Nobel Prize has been a subject of controversy, with four of Nobel's relatives having formally distanced themselves from the Prize in Economic Sciences.[10][11]
The award was established in 1968 by an endowment "in perpetuity" from Sweden's central bank, Sveriges Riksbank, to commemorate the bank's 300th anniversary.[12][13][14][15] Laureates in the Prize in Economic Sciences are selected by the Royal Swedish Academy of Sciences.[16][17] It was first awarded in 1969 to Dutch economist Jan Tinbergen and Norwegian economist Ragnar Frisch "for having developed and applied dynamic models for the analysis of economic processes".[15][18][19]