Nobel Memorial Prize in 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 administered by the Nobel Foundation. Although not technically a Nobel Prize, which were established by Alfred Nobel's will in 1895,[5] the Prize in Economic Sciences is identified with the award; its winners are announced with the Nobel Prize recipients, and it is presented at the Nobel Prize Award Ceremony.[6] As a result, it is commonly referred to as the Nobel Prize in Economics.[7] The award was established in 1968 by a donation from Sweden's central bank Sveriges Riksbank to the Nobel Foundation to commemorate the bank's 300th anniversary.[8][9][10][11] It is administered and referred to along with the Nobel Prizes by the Nobel Foundation.[12]

Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Awarded forOutstanding contributions in Economics or Social Sciences
LocationStockholm, Sweden
Presented byRoyal Swedish Academy of Sciences
Reward(s)10 million SEK (2021)[1]
First awarded1969
Currently held byDavid Card, Joshua Angrist and Guido Imbens (2021)
Websitenobelprize.org
Related2019

Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences.[13][14] 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".[11][15][16]

In 2021 the Nobel Memorial Prize in Economic Sciences was divided between David Card, Joshua Angrist and Guido Imbens. Card won one half for his empirical contributions to labour economics, while Angrist and Imbens shared the other half for their methodological contributions to the analysis of causal relationships.[17]