{"id":68744,"date":"2025-10-13T16:18:22","date_gmt":"2025-10-13T10:48:22","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=68744"},"modified":"2025-10-13T16:18:22","modified_gmt":"2025-10-13T10:48:22","slug":"nobel-prize-in-economic-sciences","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/nobel-prize-in-economic-sciences\/","title":{"rendered":"Nobel Prize 2025 in Economic Sciences, Winner Name, Contribution"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, also called Nobel Prize in Economic Sciences 2025, established in 1968, recognizes outstanding contributions to economic theory, policy, and societal welfare. Awarded by the Royal Swedish Academy of Sciences, Stockholm, it follows the same principles as other Nobel Prizes and highlights work that deepens understanding of markets, institutions, and economic development, inspiring research and policy globally.<\/span><\/p>\n<h2><b>Nobel Prize in Economic Sciences 2025<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Nobel Prize in Economic Sciences 2025 was announced on Monday, 13 October 2025, at 11:45 CEST. This year, the prize recognizes <\/span><b>Joel Mokyr, Philippe Aghion,<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Peter Howitt<\/b><span style=\"font-weight: 400;\"> for their pioneering research on innovation-driven economic growth. Mokyr identified the historical prerequisites for sustained technological progress, while Aghion and Howitt developed the theory of creative destruction, showing how new innovations replace old products. Since 1969, the prize has been awarded 57 times to 97 laureates, reflecting contributions from both emerging and experienced economists.<\/span><\/p>\n<p><strong>Also Check: <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/nobel-prize-in-medicine\/\" target=\"_blank\">Nobel Prize 2025 in Medicine<\/a><\/strong><\/p>\n<h2><b>Nobel Prize in Economic Sciences Historical Background<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Nobel Prize in Economic Sciences was established to honor research that improves human understanding of economic systems and societal welfare.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1968- Prize created by Sveriges Riksbank, funding a donation to the Nobel Foundation on its 300th anniversary.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1969- First prize awarded; institutionally aligned with other Nobel Prizes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Focused on theoretical and empirical analysis of economic processes, including growth, trade, and consumption.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Early emphasis on quantitative modeling and dynamic economic systems.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Expanded in scope to include behavioral economics, governance, welfare, and development.<\/span><\/li>\n<\/ul>\n<p><strong>Also Check: <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/nobel-prize-in-physics\/\" target=\"_blank\">Nobel Prize Winners 2025 in Physics<\/a><\/strong><\/p>\n<h2><b>Nobel Prize in Economic Sciences Laureates<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This table presents all Nobel Prize winners in Economic Sciences from 1969 to 2025, showing the laureates and their contributions:<\/span><\/p>\n<table style=\"width: 93.8866%;\">\n<tbody>\n<tr>\n<td class=\"tb-color\" style=\"text-align: center; width: 92.9861%;\" colspan=\"3\"><b>Nobel Prize in Economic Sciences Laureates<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%; text-align: center;\"><b>Year<\/b><\/td>\n<td style=\"width: 29.6137%; text-align: center;\"><b>Laureate(s)<\/b><\/td>\n<td style=\"width: 57.6959%; text-align: center;\"><b>Contribution \/ Citation<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2025<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Joel Mokyr; Philippe Aghion and Peter Howitt<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">\u201cfor having explained innovation-driven economic growth\u201d\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">One half to <\/span><b>Joel Mokyr<\/b><span style=\"font-weight: 400;\"> \u201cfor having identified the prerequisites for sustained growth through technological progress\u201d\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Other half jointly to <\/span><b>Philippe Aghion and Peter Howitt <\/b><span style=\"font-weight: 400;\">\u201cfor the theory of sustained growth through creative destruction.\u201d<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2024<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Daron Acemoglu, Simon Johnson, James A. Robinson<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For studies of how institutions are formed and affect prosperity<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2023<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Claudia Goldin<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For advancing understanding of women\u2019s labour market outcomes<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2022<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Ben Bernanke, Douglas Diamond, Philip Dybvig<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For research on banks and financial crises<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2021<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">David Card<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For his empirical contributions to labour economics<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2021<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Joshua D. Angrist, Guido W. Imbens<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For methodological contributions to analysis of causal relationships<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2020<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Paul R. Milgrom, Robert B. Wilson<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For improvements to auction theory and inventions of new auction formats<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2019<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Abhijit Banerjee, Esther Duflo, Michael Kremer<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For experimental approach to alleviating global poverty<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2018<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">William D. Nordhaus<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For integrating climate change into long-run macroeconomic analysis<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2018<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Paul M. Romer<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For integrating technological innovations into long-run macroeconomic analysis<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2017<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Richard H. Thaler<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to behavioural economics<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2016<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Oliver Hart, Bengt Holmstr\u00f6m<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to contract theory<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2015<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Angus Deaton<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of consumption, poverty, and welfare<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2014<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Jean Tirole<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of market power and regulation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2013<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Eugene F. Fama, Lars Peter Hansen, Robert J. Shiller<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For empirical analysis of asset prices<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2012<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Alvin E. Roth, Lloyd S. Shapley<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For theory of stable allocations and market design<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2011<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Thomas J. Sargent, Christopher A. Sims<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For empirical research on cause and effect in the macroeconomy<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2010<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Peter A. Diamond, Dale T. Mortensen, Christopher A. Pissarides<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of markets with search frictions<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2009<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Elinor Ostrom<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of economic governance, especially the commons<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2009<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Oliver E. Williamson<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of economic governance, especially boundaries of the firm<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2008<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Paul Krugman<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of trade patterns and location of economic activity<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2007<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Leonid Hurwicz, Eric S. Maskin, Roger B. Myerson<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For laying the foundations of mechanism design theory<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2006<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Edmund S. Phelps<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of intertemporal tradeoffs in macroeconomic policy<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2005<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Robert J. Aumann, Thomas C. Schelling<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For understanding conflict and cooperation through game theory<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2004<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Finn E. Kydland, Edward C. Prescott<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to dynamic macroeconomics and business cycles<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2003<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Robert F. Engle III<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analyzing economic time series with time-varying volatility (ARCH)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2003<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Clive W.J. Granger<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analyzing economic time series with common trends (cointegration)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2002<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Daniel Kahneman<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For integrating insights from psychology into economic science<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2002<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Vernon L. Smith<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For establishing lab experiments as a tool in empirical economic analysis<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2001<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">George A. Akerlof, A. Michael Spence, Joseph E. Stiglitz<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analyses of markets with asymmetric information<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2000<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">James J. Heckman<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For theory and methods for analyzing selective samples<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">2000<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Daniel L. McFadden<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For theory and methods for analyzing discrete choice<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1999<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Robert Mundell<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of monetary and fiscal policy and optimum currency areas<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1998<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Amartya Sen<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to welfare economics<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1997<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Robert C. Merton, Myron Scholes<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For a new method to determine the value of derivatives<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1996<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">James A. Mirrlees, William Vickrey<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to economic theory of incentives under asymmetric information<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1995<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Robert E. Lucas Jr.<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For developing and applying rational expectations, transforming macroeconomic analysis<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1994<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">John C. Harsanyi, John F. Nash Jr., Reinhard Selten<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For pioneering analysis of equilibria in non-cooperative games<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1993<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Robert W. Fogel, Douglass C. North<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For renewing economic history research with theory and quantitative methods<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1992<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Gary Becker<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For extending microeconomic analysis to human behaviour including nonmarket behaviour<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1991<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Ronald H. Coase<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For clarifying significance of transaction costs and property rights<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1990<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Harry M. Markowitz, Merton H. Miller, William F. Sharpe<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For pioneering work in theory of financial economics<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1989<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Trygve Haavelmo<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For probability foundations of econometrics and analysis of simultaneous economic structures<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1988<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Maurice Allais<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to theory of markets and efficient utilization of resources<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1987<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Robert M. Solow<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to theory of economic growth<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1986<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">James M. Buchanan Jr.<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contractual and constitutional bases for economic and political decision-making<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1985<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Franco Modigliani<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For pioneering analyses of saving and financial markets<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1984<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Richard Stone<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to development of national accounts for empirical economic analysis<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1983<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Gerard Debreu<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For incorporating new analytical methods and reformulating general equilibrium theory<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1982<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">George J. Stigler<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For studies of industrial structures, markets, and effects of public regulation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1981<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">James Tobin<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For analysis of financial markets and relation to expenditure, employment, production, prices<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1980<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Lawrence R. Klein<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For creating econometric models for economic fluctuations and policies<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1979<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Theodore W. Schultz, Sir Arthur Lewis<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For pioneering research into economic development of developing countries<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1978<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Herbert Simon<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For research into decision-making within economic organizations<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1977<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Bertil Ohlin, James E. Meade<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contribution to theory of international trade and capital movements<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1976<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Milton Friedman<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For achievements in consumption analysis, monetary theory, and stabilization policy<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1975<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Leonid V. Kantorovich, Tjalling C. Koopmans<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to theory of optimum allocation of resources<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1974<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Gunnar Myrdal, Friedrich von Hayek<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For pioneering work in theory of money, economic fluctuations, and interdependence of phenomena<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1973<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Wassily Leontief<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For development of input-output method and application to economic problems<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1972<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">John R. Hicks, Kenneth J. Arrow<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For contributions to general economic equilibrium and welfare theory<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1971<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Simon Kuznets<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For empirical interpretation of economic growth and social structure<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1970<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Paul A. Samuelson<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For developing static and dynamic economic theory and raising level of analysis<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 5.67646%;\">\n<p><span style=\"font-weight: 400;\">1969<\/span><\/p>\n<\/td>\n<td style=\"width: 29.6137%;\">\n<p><span style=\"font-weight: 400;\">Ragnar Frisch, Jan Tinbergen<\/span><\/p>\n<\/td>\n<td style=\"width: 57.6959%;\">\n<p><span style=\"font-weight: 400;\">For developing and applying dynamic models for analysis of economic processes<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Nobel Prize in Economic Sciences 2025 honors Joel Mokyr, Philippe Aghion &#038; Peter Howitt for innovation-driven economic growth and historical contributions.<\/p>\n","protected":false},"author":11,"featured_media":67255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[786],"tags":[3231],"class_list":{"0":"post-68744","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-studies","8":"tag-nobel-prize-2025-in-economic-sciences","9":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/68744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=68744"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/68744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/67255"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=68744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=68744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=68744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}