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The Nobel Prize in Economics Turns 50

Author

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  • Allen R. Sanderson
  • John J. Siegfried

Abstract

The first Sveriges Riksbank Prizes in Economic Sciences in Memory of Alfred Nobel were awarded in 1969, 50 years ago. In this essay, we provide the historical origins of this sixth “Nobel†field, background information on the recipients, their nationalities, educational backgrounds, institutional affiliations, and collaborations with their esteemed colleagues. We describe the contributions of a sample of laureates to economics and the social and political world around them. We also address—and speculate—on both some of their could-have-been contemporaries who were not chosen, as well as directions the field of economics and its practitioners are possibly headed in the years ahead, and thus where future laureates may be found. JEL Classifications : A1, B3

Suggested Citation

  • Allen R. Sanderson & John J. Siegfried, 2019. "The Nobel Prize in Economics Turns 50," The American Economist, Sage Publications, vol. 64(2), pages 167-182, October.
    • Handle: RePEc:sae:amerec:v:64:y:2019:i:2:p:167-182
    DOI: 10.1177/0569434519852429
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    References listed on IDEAS

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    Cited by:

    1. Krauss, Alexander, 2024. "How nobel-prize breakthroughs in economics emerge and the field's influential empirical methods," Journal of Economic Behavior & Organization, Elsevier, vol. 221(C), pages 657-674.
    2. Krauss, Alexander, 2024. "How nobel-prize breakthroughs in economics emerge and the field's influential empirical methods," LSE Research Online Documents on Economics 123039, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    Economics Nobel Prize;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals

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