Nobel Prize 2025 in Economic Sciences, Winner Name, Contribution

2025

Joel Mokyr; Philippe Aghion and Peter Howitt

“for having explained innovation-driven economic growth” 

• One half to Joel Mokyr “for having identified the prerequisites for sustained growth through technological progress” 
• Other half jointly to Philippe Aghion and Peter Howitt “for the theory of sustained growth through creative destruction.”

2024

Daron Acemoglu, Simon Johnson, James A. Robinson

For studies of how institutions are formed and affect prosperity

2023

Claudia Goldin

For advancing understanding of women’s labour market outcomes

2022

Ben Bernanke, Douglas Diamond, Philip Dybvig

For research on banks and financial crises

2021

David Card

For his empirical contributions to labour economics

2021

Joshua D. Angrist, Guido W. Imbens

For methodological contributions to analysis of causal relationships

2020

Paul R. Milgrom, Robert B. Wilson

For improvements to auction theory and inventions of new auction formats

2019

Abhijit Banerjee, Esther Duflo, Michael Kremer

For experimental approach to alleviating global poverty

2018

William D. Nordhaus

For integrating climate change into long-run macroeconomic analysis

2018

Paul M. Romer

For integrating technological innovations into long-run macroeconomic analysis

2017

Richard H. Thaler

For contributions to behavioural economics

2016

Oliver Hart, Bengt Holmström

For contributions to contract theory

2015

Angus Deaton

For analysis of consumption, poverty, and welfare

2014

Jean Tirole

For analysis of market power and regulation

2013

Eugene F. Fama, Lars Peter Hansen, Robert J. Shiller

For empirical analysis of asset prices

2012

Alvin E. Roth, Lloyd S. Shapley

For theory of stable allocations and market design

2011

Thomas J. Sargent, Christopher A. Sims

For empirical research on cause and effect in the macroeconomy

2010

Peter A. Diamond, Dale T. Mortensen, Christopher A. Pissarides

For analysis of markets with search frictions

2009

Elinor Ostrom

For analysis of economic governance, especially the commons

2009

Oliver E. Williamson

For analysis of economic governance, especially boundaries of the firm

2008

Paul Krugman

For analysis of trade patterns and location of economic activity

2007

Leonid Hurwicz, Eric S. Maskin, Roger B. Myerson

For laying the foundations of mechanism design theory

2006

Edmund S. Phelps

For analysis of intertemporal tradeoffs in macroeconomic policy

2005

Robert J. Aumann, Thomas C. Schelling

For understanding conflict and cooperation through game theory

2004

Finn E. Kydland, Edward C. Prescott

For contributions to dynamic macroeconomics and business cycles

2003

Robert F. Engle III

For analyzing economic time series with time-varying volatility (ARCH)

2003

Clive W.J. Granger

For analyzing economic time series with common trends (cointegration)

2002

Daniel Kahneman

For integrating insights from psychology into economic science

2002

Vernon L. Smith

For establishing lab experiments as a tool in empirical economic analysis

2001

George A. Akerlof, A. Michael Spence, Joseph E. Stiglitz

For analyses of markets with asymmetric information

2000

James J. Heckman

For theory and methods for analyzing selective samples

2000

Daniel L. McFadden

For theory and methods for analyzing discrete choice

1999

Robert Mundell

For analysis of monetary and fiscal policy and optimum currency areas

1998

Amartya Sen

For contributions to welfare economics

1997

Robert C. Merton, Myron Scholes

For a new method to determine the value of derivatives

1996

James A. Mirrlees, William Vickrey

For contributions to economic theory of incentives under asymmetric information

1995

Robert E. Lucas Jr.

For developing and applying rational expectations, transforming macroeconomic analysis

1994

John C. Harsanyi, John F. Nash Jr., Reinhard Selten

For pioneering analysis of equilibria in non-cooperative games

1993

Robert W. Fogel, Douglass C. North

For renewing economic history research with theory and quantitative methods

1992

Gary Becker

For extending microeconomic analysis to human behaviour including nonmarket behaviour

1991

Ronald H. Coase

For clarifying significance of transaction costs and property rights

1990

Harry M. Markowitz, Merton H. Miller, William F. Sharpe

For pioneering work in theory of financial economics

1989

Trygve Haavelmo

For probability foundations of econometrics and analysis of simultaneous economic structures

1988

Maurice Allais

For contributions to theory of markets and efficient utilization of resources

1987

Robert M. Solow

For contributions to theory of economic growth

1986

James M. Buchanan Jr.

For contractual and constitutional bases for economic and political decision-making

1985

Franco Modigliani

For pioneering analyses of saving and financial markets

1984

Richard Stone

For contributions to development of national accounts for empirical economic analysis

1983

Gerard Debreu

For incorporating new analytical methods and reformulating general equilibrium theory

1982

George J. Stigler

For studies of industrial structures, markets, and effects of public regulation

1981

James Tobin

For analysis of financial markets and relation to expenditure, employment, production, prices

1980

Lawrence R. Klein

For creating econometric models for economic fluctuations and policies

1979

Theodore W. Schultz, Sir Arthur Lewis

For pioneering research into economic development of developing countries

1978

Herbert Simon

For research into decision-making within economic organizations

1977

Bertil Ohlin, James E. Meade

For contribution to theory of international trade and capital movements

1976

Milton Friedman

For achievements in consumption analysis, monetary theory, and stabilization policy

1975

Leonid V. Kantorovich, Tjalling C. Koopmans

For contributions to theory of optimum allocation of resources

1974

Gunnar Myrdal, Friedrich von Hayek

For pioneering work in theory of money, economic fluctuations, and interdependence of phenomena

1973

Wassily Leontief

For development of input-output method and application to economic problems

1972

John R. Hicks, Kenneth J. Arrow

For contributions to general economic equilibrium and welfare theory

1971

Simon Kuznets

For empirical interpretation of economic growth and social structure

1970

Paul A. Samuelson

For developing static and dynamic economic theory and raising level of analysis

1969

Ragnar Frisch, Jan Tinbergen

For developing and applying dynamic models for analysis of economic processes