Nobel Prize For Economics

Robert E Hall, Michael Woodford win Nobel Prize in Economics 2026

Their research has strengthened economists' ability to understand and respond to economic shocks, including energy crises and sudden shifts in household consumption

Nobel memorial prize in economics to be awarded in Stockholm today

The Nobel memorial prize in economics, the final award in this year's cycle, will be announced Monday by the Royal Swedish Academy of Sciences in Stockholm. Last year, three researchers who study business innovation won for explaining how new products and inventions promote economic growth and human welfare, even as they leave older companies in the dust. The economics prize is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. The central bank established it in 1968 as a memorial to Nobel, the 19th-century Swedish businessman and chemist who invented dynamite and established the five Nobel Prizes. Nobel purists stress that the economics prize is technically not a Nobel Prize, but it is always presented together with the others on Dec. 10, the anniversary of Nobel's death in 1896. Nobel honors were announced last week in medicine, physics, chemistry, literature and peace. The prize money this year is 12 million Swedish kronor (about $1.2 ...

Why creative destruction is essential to India's long-term economic rise

Nobel economics insights show how innovation, institutions and creative destruction drive long-run growth, offering key lessons for India's development goals by 2047

A Nobel for innovation: Without a creative culture, growth will not happen

The lesson from last year's Nobel, which was awarded to scholars of institutional economics, was that long-term growth emerges from the institutional basis of an economy

Mapping the themes: How Economics Nobel Prize moves with the times

Joel Mokyr, Philippe Aghion, Peter Howitt win 2025 Nobel Prize in Economics

Joel Mokyr, Philippe Aghion, Peter Howitt win Nobel Prize in Economics

Mokyr won half the prize for identifying factors behind sustained growth via technological progress, while Aghion & Howitt shared the other half for their theory of growth through creative destruction

Nobel Prize 2025: Decoding nomination process, selection criteria, & reward

Nobel Prize 2025: Nominators are required to submit a detailed written proposal highlighting the candidate's achievements, while self-nomination leads to automatic disqualification

Daron Acemoglu, Simon Johnson, James Robinson win Economics Nobel for 2024

Nobel Prize 2024 in Economic Sciences: Acemoglu, Johnson, and Robinson's research delves into the formations of different political and economic institutions and how they affect a nation's prosperity

India built best digital economy, finance infra: Nobel winner Spence

Noting that India is a major economy with the highest potential growth rate right now, Nobel laureate economist A Michael Spence said the country has successfully developed by far the best digital economy and finance architecture in the world. Spence, who was awarded the Nobel prize in Economic Sciences in 2001, shared his views during an interaction with students and faculty at the Bennett University in Greater Noida on Monday. "The major economy with the highest potential growth rate right now is India. India has successfully developed by far the best digital economy and finance architecture in the world. It is open, competitive and delivers services of an inclusive kind to a vast array of territory," the Nobel laureate said, according to a statement issued by the varsity. Spence also pointed out that the world is experiencing a "kind of regime change in the global economy". Tracing the evolution of the global economy after World War II, Spence said that the 70-year-old global ..

Nobel Prize 2023 in Economic Sciences awarded to Claudia Goldin

Economic historian and labour economist, Claudia Goldin was recognised 'for having advanced our understanding of women's labour market outcomes'

Pierre Agostini, Ferenc Krausz, Anne L'Huillier win Nobel Prize in Physics

Pierre Agostini, Ferenc Krausz, and Anne L'Huillier won the 2023 Nobel Prize in Physics for "experimental methods that generate attosecond pulses of light for the study of electron dynamics in matter"

Nobel Prize 2021: Who are the winners and why have they been chosen?

As the world reels from the Covid-19 pandemic, the importance of science, world peace and literature seem more important. Let's look at a brief history of the Nobel Prize, and the winners this year

An award for certainty

Economics Nobel laureates this year have clear answers

Three US-based economists win 2021 Nobel Prize for economics

The Royal Swedish Academy of Scienes said the three have 'completely reshaped empirical work in the economic sciences'

Amartya Sen's memoir, Home in the World, presents the peripatetic thinker

The Nobel Prize-winning economist has combined pure memoir with chapters on fundamental philosophical, political or economic issues

Meet Nobel laureate Abhijit Banerjee, the mild-mannered sharp shooter

Banerjee tells Anjuli Bhargava he wants the world to have the right conversations before marching on in its battle against extreme poverty

Auction of public resources and profit

Any sale must be designed to serve the common good, not to maximise revenues

Economists are starting to think like engineers

No longer is economic theory merely a glorified way of using mathematics to tell allegories about the world- now it has practical engineering applications

Best of BS Opinion: Award for auctions, tech stocks are booming, and more

Here's a selection of Business Standard opinion pieces for the day

Award for auctions

This year's Nobel is for actual economic policy design