Nobel Memorial Prize in Economic Sciences

Not to be confused with Nobel Prize.
For the list of laureates, see List of Nobel Memorial Prize laureates in Economic Sciences.
Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Awarded forOutstanding contributions in Economics or Social Sciences
Sponsored bySveriges Riksbank
LocationStockholm, Sweden
Presented byRoyal Swedish Academy of Sciences
Reward(s)11 million SEK (2023)[1]
First awarded1969
Currently held by
Websitenobelprize.org/prizes/economic-sciences/

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.

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]

  1. ^ "The Nobel Prize amounts". Nobelprize.org. Archived from the original on 2018-07-20. Retrieved 2021-10-08.
  2. ^ "Hart and Holmström awarded the Prize in Economic Sciences for 2017". Stockholm: Sveriges Riksbank. 10 October 2016. Archived from the original on 25 August 2018. Retrieved 25 August 2018.
  3. ^ "Prize in Economic Sciences". Stockholm: The Royal Swedish Academy of Sciences. Archived from the original on 12 June 2018. Retrieved 25 August 2018.
  4. ^ "Beslut om titel på ekonomipriset [Resolution on the economics award's name]" (in Swedish). Stockholm: Sveriges Riksbank. 6 July 2006. Archived from the original on 20 August 2018. Retrieved 20 August 2018.
  5. ^ "Streams during Nobel Week 2023". NobelPrize.org. 3 November 2023. Archived from the original on 2023-11-21. Retrieved 2023-11-21.
  6. ^ a b "Nomination and selection of economic sciences laureates". NobelPrize.org. Stockholm: The Nobel Foundation. 4 July 2018. Archived from the original on 10 May 2020. Retrieved 5 November 2021. Not a Nobel Prize[:] The prize in economic sciences is not a Nobel Prize. In 1968, Sveriges Riksbank (Sweden's central bank) instituted 'The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel', and it has since been awarded by the Royal Swedish Academy of Sciences according to the same principles as for the Nobel Prizes that have been awarded since 1901.
  7. ^ Hird., John A. (2005). Power, Knowledge, and Politics. American governance and public policy. Georgetown University Press. p. 33. ISBN 978-1-58901-048-2. OCLC 231997210. the Bank of Sweden Prize in Economic Science in Memory of Alfred Nobel, commonly referred to as the 'Nobel Prize in Economics'
  8. ^ "Organization Structure: Spreading Information About the Nobel Prize". The Nobel Foundation. Archived from the original on 2017-01-06. Retrieved 2014-11-26.
  9. ^ "Winners of the Nobel Prize for Economics". Encyclopedia Britannica. Archived from the original on 2019-05-15. Retrieved 2021-09-16.
  10. ^ "Alfred Nobels familie tar avstand fra økonomiprisen". Aftenposten. Archived from the original on 2017-04-22. Retrieved 2017-04-21.
  11. ^ "Nobel descendant slams Economics prize - The Local". 2005-09-28. Archived from the original on 2015-06-24. Retrieved 2023-11-21.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  12. ^ "Nobel Prize". Encyclopædia Britannica. 2007. Archived from the original on 29 April 2015. Retrieved 29 November 2018.
  13. ^ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". Sveriges Riksbank. Archived from the original on 5 March 2013. Retrieved 12 December 2012. Sveriges Riksbank's Prize in Economic Sciences in Memory of Alfred Nobel was established with a donation to the Nobel Foundation in connection with the Riksbank's 300th anniversary in 1968
  14. ^ "The Nobel Prize". The Nobel Foundation. Archived from the original on 5 April 2006. Retrieved 7 November 2007. In 1968, Sveriges Riksbank established The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize
  15. ^ a b "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". The Nobel Foundation. Archived from the original on 5 April 2006. Retrieved 7 November 2007. In 1968, Sveriges Riksbank (Sweden's central bank) established this Prize in memory of Alfred Nobel, founder of the Nobel Prize
  16. ^ Cite error: The named reference statutes-econ was invoked but never defined (see the help page).
  17. ^ "Nominating and awarding" Archived 2018-01-12 at the Wayback Machine, in "Prize in Economic Sciences", Royal Swedish Academy of Sciences. Retrieved 4 July 2017.
  18. ^ "Jan Tinbergen" Archived 2007-12-03 at the Wayback Machine (2007), in Encyclopædia Britannica, accessed November 16, 2007, from Encyclopædia Britannica Online: <http://www.britannica.com/eb/article-9380801>.
  19. ^ "Ragnar Frisch" Archived 2007-12-02 at the Wayback Machine (2007), in Encyclopædia Britannica, accessed 16 November 2007, from Encyclopædia Britannica Online: <http://www.britannica.com/eb/article-9364984r>.