2025 Joel Mokyr Israel Israelfor having identified the prerequisites for sustained growth through technological progress
2025 Philippe Aghion France Francefor the theory of sustained growth through creative destruction
2025 Peter Howitt Canada Canadafor the theory of sustained growth through creative destruction
2024 Daron Acemoglu United States United Statesfor studies of how institutions are formed and affect prosperity
2024 Simon Johnson United States United Statesfor studies of how institutions are formed and affect prosperity
2024 James A. Robinson United Kingdom United Kingdomfor studies of how institutions are formed and affect prosperity
2023 Claudia Goldin United States United Statesfor having advanced our understanding of women’s labour market outcomes
2022 Ben Bernanke United States United Statesfor research on banks and financial crises
2022 Douglas Diamond United States United Statesfor research on banks and financial crises
2022 Philip Dybvig United States United Statesfor research on banks and financial crises
2021 Joshua D. Angrist Israel Israelfor their methodological contributions to the analysis of causal relationships
2021 David Card Canada Canadafor his empirical contributions to labour economics
2021 Guido W. Imbens United States United Statesfor their methodological contributions to the analysis of causal relationships
2020 Paul R. Milgrom United States United Statesfor improvements to auction theory and inventions of new auction formats
2020 Robert B. Wilson United States United Statesfor improvements to auction theory and inventions of new auction formats
2019 Abhijit Banerjee United States United Statesfor their experimental approach to alleviating global poverty
2019 Esther Duflo United States United Statesfor their experimental approach to alleviating global poverty
2019 Michael Kremer United States United Statesfor their experimental approach to alleviating global poverty
2018 William D. Nordhaus United States United Statesfor integrating climate change into long-run macroeconomic analysis
2018 Paul M. Romer United States United Statesfor integrating technological innovations into long-run macroeconomic analysis
2017 Richard H. Thaler United States United Statesfor his contributions to behavioural economics
2016 Oliver Hart United States United Statesfor their contributions to contract theory
2016 Bengt Holmström Finland Finlandfor their contributions to contract theory
2015 Angus Deaton United States United Statesfor his analysis of consumption, poverty, and welfare
2014 Jean Tirole France Francefor his analysis of market power and regulation
2013 Eugene F. Fama United States United Statesfor their empirical analysis of asset prices
2013 Lars Peter Hansen United States United Statesfor their empirical analysis of asset prices
2013 Robert J. Shiller United States United Statesfor their empirical analysis of asset prices
2012 Alvin E. Roth United States United Statesfor the theory of stable allocations and the practice of market design
2012 Lloyd S. Shapley United States United Statesfor the theory of stable allocations and the practice of market design
2011 Thomas J. Sargent United States United Statesfor their empirical research on cause and effect in the macroeconomy
2011 Christopher A. Sims United States United Statesfor their empirical research on cause and effect in the macroeconomy
2010 Peter A. Diamond United States United Statesfor their analysis of markets with search frictions
2010 Dale T. Mortensen United States United Statesfor their analysis of markets with search frictions
2010 Christopher A. Pissarides United Kingdom United Kingdomfor their analysis of markets with search frictions
2009 Elinor Ostrom United States United Statesfor her analysis of economic governance, especially the commons
2009 Oliver E. Williamson United States United Statesfor his analysis of economic governance, especially the boundaries of the firm
2008 Paul Krugman United States United Statesfor his analysis of trade patterns and location of economic activity
2007 Leonid Hurwicz Poland Polandfor having laid the foundations of mechanism design theory
2007 Eric S. Maskin United States United Statesfor having laid the foundations of mechanism design theory
2007 Roger B. Myerson United States United Statesfor having laid the foundations of mechanism design theory
2006 Edmund S. Phelps United States United Statesfor his analysis of intertemporal tradeoffs in macroeconomic policy
2005 Robert Aumann United States United Statesfor having enhanced our understanding of conflict and cooperation through game-theory analysis
2005 Thomas C. Schelling United States United Statesfor having enhanced our understanding of conflict and cooperation through game-theory analysis
2004 Finn E. Kydland Norway Norwayfor their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles
2004 Edward C. Prescott United States United Statesfor their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles
2003 Robert F. Engle III United States United Statesfor methods of analyzing economic time series with time-varying volatility (ARCH)
2003 Clive W.J. Granger United Kingdom United Kingdomfor methods of analyzing economic time series with common trends (cointegration)
2002 Daniel Kahneman United States United Statesfor having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty
2002 Vernon L. Smith United States United Statesfor having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms
2001 George A. Akerlof United States United Statesfor their analyses of markets with asymmetric information
2001 A. Michael Spence United States United Statesfor their analyses of markets with asymmetric information
2001 Joseph E. Stiglitz United States United Statesfor their analyses of markets with asymmetric information
2000 James J. Heckman United States United Statesfor his development of theory and methods for analyzing selective samples
2000 Daniel L. McFadden United States United Statesfor his development of theory and methods for analyzing discrete choice
1999 Robert Mundell Canada Canadafor his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas
1998 Amartya Sen India Indiafor his contributions to welfare economics
1997 Robert C. Merton United States United Statesfor a new method to determine the value of derivatives
1997 Myron Scholes Canada Canadafor a new method to determine the value of derivatives
1996 James A. Mirrlees United Kingdom United Kingdomfor their fundamental contributions to the economic theory of incentives under asymmetric information
1996 William Vickrey United States United Statesfor their fundamental contributions to the economic theory of incentives under asymmetric information
1995 Robert E. Lucas Jr. United States United Statesfor having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy
1994 John Harsanyi Hungary Hungaryfor their pioneering analysis of equilibria in the theory of non-cooperative games
1994 John F. Nash Jr. United States United Statesfor their pioneering analysis of equilibria in the theory of non-cooperative games
1994 Reinhard Selten Germany Germanyfor their pioneering analysis of equilibria in the theory of non-cooperative games
1993 Robert W. Fogel United States United Statesfor having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change
1993 Douglass North United States United Statesfor having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change
1992 Gary Becker United States United Statesfor having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour
1991 Ronald Coase United Kingdom United Kingdomfor 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 United States United Statesfor their pioneering work in the theory of financial economics
1990 Merton H. Miller United States United Statesfor their pioneering work in the theory of financial economics
1990 William F. Sharpe United States United Statesfor their pioneering work in the theory of financial economics
1989 Trygve Haavelmo Norway Norwayfor his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures
1988 Maurice Allais France Francefor his pioneering contributions to the theory of markets and efficient utilization of resources
1987 Robert M. Solow United States United Statesfor his contributions to the theory of economic growth
1986 James M. Buchanan Jr. United States United Statesfor his development of the contractual and constitutional bases for the theory of economic and political decision-making
1985 Franco Modigliani United States United Statesfor his pioneering analyses of saving and of financial markets
1984 Richard Stone United Kingdom United Kingdomfor 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 United States United Statesfor having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium
1982 George J. Stigler United States United Statesfor his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation
1981 James Tobin United States United Statesfor his analysis of financial markets and their relations to expenditure decisions, employment, production and prices
1980 Lawrence R. Klein United States United Statesfor the creation of econometric models and the application to the analysis of economic fluctuations and economic policies
1979 Theodore W. Schultz United States United Statesfor their pioneering research into economic development research with particular consideration of the problems of developing countries
1979 Sir Arthur Lewis United Kingdom United Kingdomfor their pioneering research into economic development research with particular consideration of the problems of developing countries
1978 Herbert Simon United States United Statesfor his pioneering research into the decision-making process within economic organizations
1977 Bertil Ohlin Sweden Swedenfor their pathbreaking contribution to the theory of international trade and international capital movements
1977 James E. Meade United Kingdom United Kingdomfor their pathbreaking contribution to the theory of international trade and international capital movements
1976 Milton Friedman United States United Statesfor 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 Russia Russiafor their contributions to the theory of optimum allocation of resources
1975 Tjalling Koopmans United States United Statesfor their contributions to the theory of optimum allocation of resources
1974 Gunnar Myrdal Sweden Swedenfor 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
1974 Friedrich Hayek United Kingdom United Kingdomfor 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 Russia Russiafor the development of the input-output method and for its application to important economic problems
1972 John R. Hicks United Kingdom United Kingdomfor their pioneering contributions to general economic equilibrium theory and welfare theory
1972 Kenneth J. Arrow United States United Statesfor their pioneering contributions to general economic equilibrium theory and welfare theory
1971 Simon Kuznets Russia Russiafor 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 United States United Statesfor 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 Norway Norwayfor having developed and applied dynamic models for the analysis of economic processes
1969 Jan Tinbergen Netherlands Netherlandsfor having developed and applied dynamic models for the analysis of economic processes