The Economic Sciences Prize Committee is the prize committee for the Nobel Memorial Prize in Economic Sciences, [1] and fills the same role as the Nobel Committees do for the Nobel Prizes. This means that the committee is responsible for proposing laureates for the prize. [2] The Committee for the Prize in Economic Sciences in Memory of Alfred Nobel is appointed by the Royal Swedish Academy of Sciences. It usually consists of Swedish professors of economics or related subjects who are members of the academy, although the academy in principle could appoint anyone to the committee. Two of the members of the founding committee as well as later members of the committee had also been associated with the Mont Pelerin Society. [3]
The committee is a working body without decision power, and the final decision to award the prize is taken by the entire Royal Swedish Academy of Sciences, after having a first discussion in the academy's Class for Social Sciences. [2]
The secretary takes part in Prize Committee meetings but cannot vote (by right). Unless, however, he or she has also been appointed as a Prize Committee full member—which entails the right to vote. (On a number of occasions, individuals have held both appointments.)
Name | Years | Affiliation |
---|---|---|
Bertil Ohlin | Chairman 1969–1974 | Stockholm School of Economics |
Erik Lundberg | 1969–1979 Chairman 1975–1979 | Stockholm School of Economics |
Ingvar Svennilson | 1969–1971 | University of Stockholm |
Herman Wold | 1969–1980 | University of Uppsala |
Assar Lindbeck | 1969–1994 Chairman 1980–1994 [5] | University of Stockholm |
Ragnar Bentzel | 1975–1990 Secretary 1969–1980, 1982– | University of Uppsala |
Sune Carlson | 1972–1979 Associate member 1980– | University of Uppsala |
Lars Werin | 1980– Secretary 1981 | University of Stockholm |
Ingemar Ståhl | 1980– | University of Lund |
Karl-Göran Mäler | 1981– | Stockholm School of Economics |
Name | Years | Affiliation |
---|---|---|
Jörgen Weibull | 1998–2007 Chairman 2004–2007 [9] | A.O. Wallenberg Professor of Economics Stockholm School of Economics |
Peter Englund | 1993–1995 Secretary 1996–1997, 2002– [10] | Professor of Banking and Insurance Stockholm School of Economics |
Lars Calmfors | 1996–1998, 2003–2007 [11] | Professor of International Economics Stockholm University |
Bertil Näslund | 1999 [12] | Professor Stockholm School of Economics |
Per Krusell | 2003– Adjunct member 2003–2004 [13] | Professor of Economics Princeton University |
Karl-Gustaf Löfgren | 2002–2007 Associate member 1993–1995 | Professor of Economics Umeå University |
Timo Teräsvirta | 2003?- | Professor of Economic Statistics (emeritus) Stockholm School of Economics Professor of Econometrics |
Bertil Holmlund | Adjunct member 1998–2001, 2005–2006 Chairman 2008 [15] | Professor of Economics |
Carl Assar Eugén Lindbeck was a Swedish professor of economics at Stockholm University and at the Research Institute of Industrial Economics (IFN).
The Nobel Foundation is a private institution founded on 29 June 1900 to manage the finances and administration of the Nobel Prizes. The foundation is based on the last will of Alfred Nobel, the inventor of dynamite.
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Per Lennart Krusell, born 1959, is a Swedish macroeconomic theorist who is currently the Torsten and Ragnar Soderberg Chair in Economics and the Institute for International Economic Studies, Stockholm University, as well as Centennial Professor of Economics at the London School of Economics.
Erik Filip Lundberg was a Swedish economist, born in Stockholm. He was a professor of political economics at Stockholm University and a member of the Stockholm School of economic thought. He was president of the International Economic Association from 1968 to 1971. From 1969 to 1979, he was a member of the committee that selects the laureates for the Sveriges Riksbank Prize in Economic Sciences, the Economics Prize Committee, and served as the committee's chairman from 1975 to 1979.
Sven Ingvar Svennilson was a Swedish economist that became known for his theories in planned economics. He was a member of the Stockholm School of Economic Thought. From 1969–1971, he was a member of the committee that selects the laureates for the Sveriges Riksbank Prize in Economic Sciences, the Economics Prize Committee.
Sune Carlson was a Swedish economist. He was considered a pioneer in establishing international business as a research area.
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The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is an economics award funded by Sveriges Riksbank and administered by the Nobel Foundation.
Tore Ellingsen is a Norwegian economist active in Sweden.
Peter Englund, is a Swedish economist. He was professor at Uppsala University 1988-1998 and is professor at the Stockholm School of Economics since 1998.
Lars Calmfors is a Swedish economist and professor of international economics at the Institute for International Economic Studies at Stockholm University.
The Yrjö Jahnsson Foundation is a charitable foundation whose aims are to promote Finnish research in economics and medicine and to maintain and support educational and research facilities in Finland. It was established in 1954 by the wife of Yrjö Jahnsson, Hilma Jahnsson. It supports the award of the Yrjö Jahnsson Award and Yrjö Jahnsson Lecture series. These lectures have been delivered by noteworthy economists since 1963. 10 of the Yrjö Jahnsson Lecture series scholars have gone on to win the Nobel prize in economics, making it a top predictor for future recipients.
Ingemar Ståhl was a Swedish economist and an economics professor from Lund University.
The 2022 Nobel Memorial Prize in Economic Sciences was divided equally between the American economists Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig "for research on banks and financial crises" on 10 October 2022. The award was established in 1968 by an endowment "in perpetuity" from Sweden's central bank, Sveriges Riksbank, to commemorate the bank's 300th anniversary. Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. The Nobel Committee announced the reason behind their recognition, stating:
"This year’s laureates in the Economic Sciences, Ben Bernanke, Douglas Diamond and Philip Dybvig, have significantly improved our understanding of the role of banks in the economy, particularly during financial crises. An important finding in their research is why avoiding bank collapses is vital."