Who will win the Nobel Prize in Economics this year? At 17:45 on October 11th, Beijing time, the Nobel Prize in Economics will be announced. This is also the last Nobel Prize announced every year. As of October 2020, the Nobel Prize in Economics has been awarded 52 times, and a total of 86 people have won, including 2 women. Among the 86 winners, the youngest winner was one of the 2019 winners, Esther Duflo, who was 46 years old; the oldest winner was one of the 2007 winners Leonid Hurwicz (Leonid Hurwicz) was 90 years old. In recent years, more and more scholars in the subdivision of economics have won this award, including microeconomics, macroeconomic econometrics, financial economics, econometrics, behavioral economics, corporate governance, development economics, etc. Nanyang Technological University Assistant Professor Boutt told The Paper that the Nobel Prize in Economics is more like a lifetime achievement award than scientific awards. In addition to contributions to the academic world, the influence of the winner himself is also very important. However, in recent years, there has also been a "younger" trend. The 2020 Nobel Prize in Economics was awarded to Paul R. Milgrom and Robert B. Wilson for "improving auction theory and inventing new auction formats." The Nobel Prize Review Committee believes that they have studied the operation of auctions, translated their theories into practice, and created new auction formats for goods and services that are difficult to sell through traditional methods. The 2019 Nobel Prize in Economics was awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer in recognition of their "Experimental methods proposed in reducing global poverty". Among them, Banagher and Duflo are still a couple, and their publication "Good Economics" quickly became a bestseller after winning the award. The 2018 Nobel Prize in Economics was awarded to Paul M Romer and William D Nordhaus for "incorporating climate change and technological innovation into long-term macroeconomic analysis." . The Nobel Prize Review Committee believes that they have made outstanding contributions to research on innovation, climate and economic growth. The 2017 Nobel Laureate in Economics, Richard Thaler, was awarded for his contribution to behavioral economics. Thaler integrates psychological assumptions into economic analysis, and explores how personal traits such as bounded rationality, social preferences, and lack of self-control affect individual choices, thereby affecting the market. In 2016, Oliver Hart of Harvard University and Bengt Holmstrom of MIT won the Nobel Prize in Economics for their contributions to contract theory. The full name of the Nobel Prize in Economics is the "Swedish National Bank Memorial Alfred Nobel Prize in Economics". In 1968, the Swedish Nobel Committee officially announced that the Nobel Memorial Prize in Economic Sciences would be awarded from the following year. The prize was designed to reward those who made outstanding contributions in the field of economics, although the award did not belong to 1895. There are 5 awards mentioned in the Nobel’s will in 2015, but it is generally considered that this award has the same status as the 5 awards. After the establishment of the Nobel Prize in Economics, different names were changed in different years. It was not until 2006 that the current name was changed to "Swedish National Bank Memorial Alfred Nobel Prize in Economics". The Nobel Prize in Economics is the last award established by the Nobel Committee. The Swedish Nobel Committee also stated that no new awards will be established. According to the will of the Swedish chemist and entrepreneur Nobel (Alfred Bernhard Nobel), when the Nobel Prize was established, the total amount of individual items was 150,000 Swedish Krona. A total of 5 awards (Physiology and Medicine, Physics, Chemistry, Literature, and Peace) were awarded that year. ), issued in 1901. According to the Nobel Fund's financial statements for 2020, the total fund has reached 5.1 billion Swedish kronor, and the investment is relatively diversified.
Contact Person: Aimee
Tel: +86 1583201860