Nobel Prize In Economic Sciences 2023: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for the year 2023 will be awarded today, i.e. October 9. This year’s awardee (or awardees) will be the 55th recipient of the prize, which was first given out in 1969. Ben Bernanke, Douglas Diamond and Philip Dybvig were jointly awarded the Nobel prize in economic sciences for 2022 for their research on banks and financial crises.
The Royal Swedish Academy of Sciences, Stockholm, awards the prize following the same principles as for the other Nobel Prizes awarded since 1901.
Until 2022, the Nobel Prizes and the economic sciences prize were awarded 615 times with 989 people and organisations becoming the recipients. This year, the Nobel Prizes for Physiology of Medicine, Physics, Chemistry, Literature and Peace have already been awarded, taking the total number of recipients up to 999. The number is all set to touch or cross the 1,000 mark with the announcement of the economic sciences prize today.
It may, however, be noted that since some laureates have received the Nobel Prize more than once, the total number of recipients stands at 964 individuals and 27 organisations.
Between 1969 and 2022, the Nobel memorial prize for economic sciences have been given 54 times, and there have been as many as 92 recipients. Only two of these 92 laureates have been women, while the youngest of them all was 46 years old and the oldest 90 years old, according to the Nobel Prize website.
Nobel Prize In Economic Sciences 2023: When And How To Watch Online
You can watch the announcement of the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel on the Nobel Prize official website, its YouTube channel, or it X (formerly Twitter) handle.
The livestream will begin shortly before the scheduled announcement time, which is 3:15 pm IST.
History Of Nobel Prize In Economic Sciences
Sweden’s central bank Sveriges Riksbank established the Prize in Economic Sciences in Memory of Alfred Nobel, the founder of the Nobel Prize, In 1968. The Nobel Foundation received a donation from Sveriges Riksbank that year on the occasion of the bank’s 300th anniversary, and the prize is based on that donation. The first economic sciences Nobel was awarded to Ragnar Frisch, while the next year’s prize went to Jan Tinbergen.
Two Indian-origin economists, Amartya Sen and Abhijit Banerjee, won the prize in 1998 and 2019, respectively. Sen was given the award “for his contributions to welfare economics”, while Banerjee got the prize along with his economist wife Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty”.
The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was given to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats”. In 2021, the prize went to David Card “for his empirical contributions to labour economics”, and
Joshua D. Angrist and Guido W. Imbens “for their methodological contributions to the analysis of causal relationships”.
Since the beginning of the Nobel Prize, there have been some years when the Nobel Prizes were not awarded. These were mostly during World War I (1914-1918) and World War II (1939-1945). The economic sciences prize, however, did not see any gap year.