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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

 

Established in 1895 by the Swedish chemist and inventor of dynamite Alfred Bernhard Nobel, the Nobel Prize is an annual award acknowledging outstanding contributions to physics, chemistry, physiology or medicine, literature, and peace.  In 1968, Sveriges Riksbank (Sweden’s central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel.

To date, an impressive number of faculty (past and present), and alumni have been honored with this prestigious award.

Simon S. Kuznets
Nobel Prize in 1971 for “empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development”
Ph.D. in Economics from Columbia in 1926

Kenneth K. Arrow
Nobel Prize in 1972 for “pioneering contributions to general economic equilibrium theory and welfare theory”
Ph.D. in Economics from Columbia in 1951

Milton Friedman
Nobel Prize in 1976 for “achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy”
Ph.D. in Economics from Columbia in 1946

George J. Stigler
Nobel Prize in 1982 for “his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation”
Member of Columbia Economics Department faculty from 1947-1958

Franco Modigliani
Nobel Prize in 1985 for “pioneering analyses of saving and of financial markets”
Instructor at the Columbia Economics Department in 1942

Gary Becker
Nobel Prize in 1992 for “having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including nonmarket behavior”
Member of Columbia Economics Department faculty from 1957-1969.

William Vickrey
Nobel Prize in 1996 for “fundamental contributions to the economic theory of incentives under asymmetric information”
Ph.D. in Economics from Columbia in 1948
Member of Columbia Economic Department faculty from 1958 to 1996

Robert Mundell
Nobel Prize in 1999 for “analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas”
Member of Columbia Economics Department faculty since 1974

James J. Heckman
Nobel Prize in 2000 for “development of theory and methods for analyzing selective samples”
Member of Columbia Economics Department faculty from 1970 to 1974

Joseph E. Stiglitz
Nobel Prize in 2001 for “analyses of markets with asymmetric information”
Member of Columbia Economics Department faculty since 2001

Edmund S. Phelps
Nobel Prize in 2006 for “analysis of intertemporal tradeoffs in macroeconomic policy”
Member of Columbia Economics Department faculty since 1971

 

 

 

 

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1022 International Affairs Building (IAB)

Mail Code 3308

420 West 118th Street

New York, NY 10027

Ph: (212) 854-3680
Fax: (212) 854-0749
Business Hours:
Mon–Fri, 9:00 a.m.–5:00 p.m.