Nobel Prize in Economic Sciences 2025 Winners Names (Out): Check Complete List Here

Nobel Prize in Economic Sciences Winners List (1969–2025)

Year

Laureates

Contribution (Easy Words)

1969

Ragnar Frisch & Jan Tinbergen

Developed ways to use math and stats for studying the economy

1970

Paul Samuelson

Helped build modern economic theories

1971

Simon Kuznets

Studied and measured economic growth in countries

1972

John R. Hicks & Kenneth J. Arrow

Developed theories about how markets reach balance

1973

Wassily Leontief

Created methods to see how industries depend on each other

1974

Gunnar Myrdal & Friedrich Hayek

Made important ideas about economics and policies

1975

Leonid Kantorovich & Tjalling Koopmans

Studied best ways to use resources efficiently

1976

Milton Friedman

Developed the money-based economic theory (monetarism)

1977

Bertil Ohlin & James Meade

Explained international trade and how countries exchange goods

1978

Herbert Simon

Studied human decisions and behaviour in economics

1979

Theodore Schultz & Sir Arthur Lewis

Worked on improving developing countries’ economies

1980

Lawrence Klein

Created models to predict the economy’s behavior

1981

James Tobin

Studied investments and financial portfolios

1982

George Stigler

Analyzed how markets and competition work

1983

Gérard Debreu

Developed theories about market balance

1984

Richard Stone

Created ways to calculate national income and economy size

1985

Franco Modigliani

Studied how households save and spend money

1986

James Buchanan

Developed ideas about how governments make economic decisions

1987

Robert Solow

Studied how economies grow over time

1988

Maurice Allais

Studied decision-making and choices under risk

1989

Trygve Haavelmo

Developed methods to study economy using statistics

1990

Harry Markowitz, William Sharpe & Merton Miller

Studied finance, investments, and markets

1991

Ronald Coase

Analyzed costs of making deals and running businesses

1992

Gary Becker

Studied choices in everyday life using economics

1993

Robert Fogel & Douglass North

Studied economic history and past trends

1994

John Nash, John Harsanyi & Reinhard Selten

Developed game theory to study strategy and competition

1995

Robert Lucas

Studied how policies affect economic growth

1996

James Mirrlees & William Vickrey

Studied incentives and fair ways to design taxes

1997

Robert Merton & Myron Scholes

Studied pricing of financial options and risk

1998

Amartya Sen

Worked on welfare, poverty, and human development

1999

Robert Mundell

Studied global money systems and currencies

2000

James Heckman & Daniel McFadden

Developed methods to study small economic choices

2001

George Akerlof, Michael Spence & Joseph Stiglitz

Studied markets with uneven information

2002

Daniel Kahneman & Vernon Smith

Studied human behaviour in economic decisions

2003

Robert Engle & Clive Granger

Developed methods to study economic trends over time

2004

Finn Kydland & Edward Prescott

Studied how policies affect economy over time

2005

Robert Mundell

Studied money, currency, and trade across countries

2006

Edmund Phelps

Studied trade-offs between present and future consumption

2007

Leonid Hurwicz, Eric Maskin & Roger Myerson

Developed rules to design fair markets and contracts

2008

Paul Krugman

Studied trade between countries and economic geography

2009

Elinor Ostrom

Studied how communities manage shared resources

2010

Peter Diamond, Dale Mortensen & Christopher Pissarides

Studied job markets and unemployment

2011

Thomas Sargent & Christopher Sims

Studied government policies and economic effects

2012

Alvin Roth & Lloyd Shapley

Developed ways to match people in markets efficiently

2013

Eugene Fama, Lars Hansen & Robert Shiller

Studied how prices and assets change over time

2014

Jean Tirole

Studied how big companies and market power affect prices

2015

Angus Deaton

Studied poverty, welfare, and how people spend money

2016

Oliver Hart & Bengt Holmström

Studied contracts and agreements between people/businesses

2017

Richard Thaler

Studied how psychology affects economic decisions

2018

William Nordhaus & Paul Romer

Studied climate change and technology’s economic impact

2019

Abhijit Banerjee, Esther Duflo & Michael Kremer

Used experiments to reduce poverty effectively

2020

Paul Milgrom & Robert Wilson

Improved auction theory and bidding strategies

2021

David Card, Joshua Angrist & Guido Imbens

Studied cause-and-effect in economics

2022

Ben Bernanke, Douglas Diamond & Philip Dybvig

Studied banks and financial crises

2023

Claudia Goldin

Studied women’s participation in the workforce

2024

Daron Acemoglu, Simon Johnson & James A. Robinson

Studied how institutions affect wealth and growth

2025

Joel Mokyr, Philippe Aghion, and Peter Howitt

Developed a theory of sustained economic growth through creative destruction