Nobel
Laureates (Click on
laureate names for biographies)

Year 
Winner 
Achievement 
2010 
Peter A. Diamond,
Dale T. Mortensen and
Christopher A. Pissarides 
"for their analysis of markets with search frictions" 
2009 
Elinor Ostrom and
Oliver E. Williamson 
"for her analysis of economic governance, especially the
commons" and "for his analysis of economic governance,
especially the boundaries of the firm" 
2008 
Paul Krugman 
"for his analysis of trade patterns and location of economic
activity" 
2008 
Leonid Hurwicz,
Eric S. Maskin, and
Roger B. Myerson 
"for having laid the foundations of mechanism design theory" 
2006 
Edmund S. Phelps 
"for his analysis of intertemporal tradeoffs in macroeconomic
policy"

2005 
Robert J. Aumann and
Thomas C. Schelling 
"for having enhanced our understanding of conflict and cooperation
through gametheory analysis" 
2004 
Finn E. Kydland and
Edward C. Prescott 
"for their contributions to dynamic macroeconomics: the
time consistency of economic policy and the driving forces behind
business cycles" 
2003 
Robert F. Engle III 
"for methods of analyzing economic time series with timevarying
volatility (ARCH)" 
2003 
Clive W.J. Granger 
"for methods of analyzing economic time series with common
trends (cointegration)"

2002 
Daniel Kahneman 
"for having integrated insights from psychological research
into economic science, especially concerning human judgment
and decisionmaking under uncertainty"

2002 
Vernon L. Smith 
"for having established laboratory experiments as a tool
in empirical economic analysis, especially in the study of alternative
market mechanisms" 
2001 
George A. Akerlof,
A. Michael Spence, and
Joseph E. Stiglitz 
"for their analyses of markets with asymmetric information" 
2000 
James J. Heckman 
"for his development of theory and methods for analyzing
selective samples" 
2000 
Daniel L. McFadden 
"for his development of theory and methods for analyzing
discrete choice" 
1999 
Robert A. Mundell 
"for his analysis of monetary and fiscal policy under different
exchange rate regimes and his analysis of optimum currency areas" 
1998 
Amartya Sen 
"for his contributions to welfare economics" 
1997 
Robert C. Merton and
Myron S. Scholes 
"for a new method to determine the value of derivatives" 
1996 
James A. Mirrlees and
William Vickrey 
"for their fundamental contributions to the economic theory
of incentives under asymmetric information" 
1995 
Robert E. Lucas Jr. 
"for having developed and applied the hypothesis of rational
expectations, and thereby having transformed macroeconomic analysis
and deepened our understanding of economic policy" 
1994 
John C. Harsanyi,
John F. Nash Jr., and
Reinhard Selten 
"for their pioneering analysis of equilibria in the theory
of noncooperative games" 
1993 
Robert W. Fogel and
Douglass C. North 
"for having renewed research in economic history by applying
economic theory and quantitative methods in order to explain
economic and institutional change" 
1992 
Gary S. Becker 
"for having extended the domain of microeconomic analysis
to a wide range of human behaviour and interaction, including
nonmarket behaviour" 
1991 
Ronald H. Coase 
"for his discovery and clarification of the significance
of transaction costs and property rights for the institutional
structure and functioning of the economy" 
1990 
Harry M. Markowitz,
Merton H. Miller, and
William F. Sharpe 
"for their pioneering work in the theory of financial economics" 
1989 
Trygve Haavelmo 
"for his clarification of the probability theory foundations
of econometrics and his analyses of simultaneous economic structures" 
1988 
Maurice Allais 
"for his pioneering contributions to the theory of markets
and efficient utilization of resources" 
1987 
Robert M. Solow 
"for his contributions to the theory of economic growth" 
1986 
James M. Buchanan Jr. 
"for his development of the contractual and constitutional
bases for the theory of economic and political decisionmaking" 
1985 
Franco Modigliani 
"for his pioneering analyses of saving and of financial
markets" 
1984 
Richard Stone 
"for having made fundamental contributions to the development
of systems of national accounts and hence greatly improved the
basis for empirical economic analysis" 
1983 
Gerard Debreu 
"for having incorporated new analytical methods into economic
theory and for his rigorous reformulation of the theory of general
equilibrium" 
1982 
George J. Stigler 
"for his seminal studies of industrial structures, functioning
of markets and causes and effects of public regulation" 
1981 
James Tobin 
"for his analysis of financial markets and their relations
to expenditure decisions, employment, production and prices" 
1980 
Lawrence R. Klein 
"for the creation of econometric models and the application
to the analysis of economic fluctuations and economic policies" 
1980 


1979 
Theodore W. Schultz and
Sir Arthur Lewis 
"for their pioneering research into economic development
research with particular consideration of the problems of developing
countries" 
1978 
Herbert A. Simon 
"for his pioneering research into the decisionmaking process
within economic organizations" 
1977 
Bertil Ohlin and
James E. Meade 
"for their pathbreaking contribution to the theory of international
trade and international capital movements" 
1976 
Milton Friedman 
"for his achievements in the fields of consumption analysis,
monetary history and theory and for his demonstration of the
complexity of stabilization policy" 
1975 
Leonid Vitaliyevich Kantorovich and
Tjalling C. Koopmans 
"for their contributions to the theory of optimum allocation
of resources" 
1974 
Gunnar Myrdal and
Friedrich August von Hayek 
"for their pioneering work in the theory of money and economic
fluctuations and for their penetrating analysis of the interdependence
of economic, social and institutional phenomena" 
1973 
Wassily Leontief 
"for the development of the inputoutput method and for
its application to important economic problems" 
1972 
John R. Hicks and
Kenneth J. Arrow 
"for their pioneering contributions to general economic
equilibrium theory and welfare theory" 
1971 
Simon Kuznets 
"for his empirically founded interpretation of economic
growth which has led to new and deepened insight into the economic
and social structure and process of development" 
1970 
Paul A. Samuelson 
"for the scientific work through which he has developed
static and dynamic economic theory and actively contributed
to raising the level of analysis in economic science" 
1969 
Ragnar Frisch and
Jan Tinbergen 
"for having developed and applied dynamic models for the
analysis of economic processes" 