Nobel Prize in Economics

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Nobel Prize in Economics
Nobel Prize in Economics

Nobel Prize is an international prize awarded annually for outstanding work in physics, chemistry, physiology or medicine, literature, economics, and the promotion of peace. They were established by the 1895 will of Alfred Nobel, which dictates that the awards should be administered by the Nobel Foundation.

The Nobel Prizes, first awarded in 1901, are decided by members of Swedish learned societies or, in the case of the peace prize, the Norwegian Parliament.

Nobel Prize in Economics:

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel also known as The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics and generally regarded as the most prestigious award for that field.

First Nobel Prize Winner in Economics:

The first prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen “for having developed and applied dynamic models for the analysis of economic processes”. In 2009, Elinor Ostrom became the first woman awarded the prize.

Nobel Prize 2019 Winner Details:

Category

Winners Country

Details

 

Economics

Abhijit Banerjee

USA

 

for their experimental approach to alleviating global poverty

Esther Duflo

USA

Michael Kremer

USA

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