List of recipients of the Alfred Nobel Prize for Economic Sciences in Memory of Alfred Nobel
October 19, 2021
The Alfred Nobel Memorial Economic Science Award, officially known as the Royal Swedish Bank Award for Alfred Nobel Memorial Economic Science (in Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is awarded annually by the Royal Academy of Science from Sweden to intellectuals in the field of economic sciences. First prize was awarded in 1969 to Ragnar Frisch and Jan Tinbergen. Each awardee takes a medal, a diploma and a monetary prize that has varied over the years. In 1969, Frisch and Tinbergen were awarded a total of 375,000 SEK, equivalent to 2 871 041 SEK in December 2007. The prize is presented in Stockholm at a ceremony held on December 10, the anniversary of the death of Alfred Nobel.Some descendants of Alfred Nobel, among them his great-grand-grand nephew Peter Nobel, do not accept the Economic Sciences Prize being referred to as a Nobel, as they regard it as a kind of "championship of public relations for economists" - something unthinkable for Alfred Nobel, who despised "people for whom profits are more important than the well-being of society." Since 2007, nine awards have been awarded for contributions in the field of macroeconomics, more than in any other category. The most awarded institution in the economic sciences is the University of Chicago, which has twenty-eight laureates affiliated. For forty years the prize was only given to men, until in 2009, academic and professor Elinor Ostrom was awarded "for her analysis of economic governance, especially common".