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Nobel Memorial Prize in Economic Sciences

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Nobel Memorial Prize in Economic Sciences: see Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel under Nobel Prize Nobel Prize, award given for outstanding achievement in physics, chemistry, physiology or medicine, peace, or literature. The awards were established by the will of Alfred Nobel, who left a fund to provide annual prizes in the five areas listed above.
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He won the Nobel Memorial Prize in Economic Sciences in the year 1998.
Hayek, awarded the Nobel Memorial Prize in Economic Sciences in 1974, was a pioneer in monetary theory and one of the principal proponents of the libertarian philosophy.
Paul Krugman, a US economist and New York Times newspaper columnist, won the Nobel memorial prize in economic sciences for his analysis of how economies of scale can affect international trade patterns.
 
 
 
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