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Economics Nobel Laureates
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Paul Samuelson
Foundations of economic analysis and bringing mathematical rigor to economics.
Milton Friedman
Development of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.
Amartya Sen
Contributions to welfare economics and social choice theory, and for his interest in the problems of society's poorest members.
Joseph Stiglitz
Analysis of markets with asymmetric information.
Robert Solow
Development of the neoclassical growth model.
Peter A. Diamond
Analysis of the foundations of search frictions in markets.
Gary S. Becker
Extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including non-market behavior.
Daniel Kahneman
Having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty.
Vernon L. Smith
Establishment of laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms.
Paul Krugman
Analysis of trade patterns and location of economic activity.
James M. Buchanan
Development of the contractual and constitutional bases for the theory of economic and political decision-making.
Elinor Ostrom
Analysis of economic governance, especially the commons.
George Akerlof
Analyses of markets with asymmetric information.
Robert Shiller
Empirical analysis of asset prices.
Richard H. Thaler
Contributions to behavioral economics.
Paul M. Romer
Integration of technological innovations into long-term macroeconomic analysis.
Alvin E. Roth
Theory and applications of market design and stable allocations, particularly the matching of doctors to hospitals, students to schools, and kidneys to patients.
Oliver E. Williamson
Analyses of economic governance, particularly boundaries of the firm.
Abhijit Banerjee
Experimental approach to alleviating global poverty.
Esther Duflo
Use of randomized controlled trials for effective interventions in fighting global poverty.
Michael Kremer
Introduction of a new approach to obtaining reliable answers about the best ways to fight poverty.
Jean Tirole
Analysis of market power and regulation.
William D. Nordhaus
Integrating climate change into long-term macroeconomic analysis.
Paul R. Milgrom
Improvements to auction theory and inventions of new auction formats.
Robert B. Wilson
Theory for auctions and inventing new auction formats.
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