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News & Events |
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About Nobel Prize |
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The Nobel
Prize is an international award given yearly since 1901
for achievements in physics, chemistry, medicine, literature
and for peace. In 1968, the Bank of Sweden instituted
the Prize in Economic Sciences in Memory of Alfred Nobel,
founder of the Nobel Prize.
The Prize Winners are announced
in October every year. They receive their awards (a prize
amount, a gold medal and a diploma) on December 10, the
anniversary of Nobel's death. |
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Alfred Nobel
was born in 1833 in Stockholm, Sweden. His family was
descended from Olof Rudbeck, the best-known technical
genius of Sweden's 17th century era as a great power in
northern Europe.
Nobel invented dynamite in 1866
and later built up companies and laboratories in more
than 20 countries all over the world.
On November 27, 1895, Nobel signed
his last will providing for the establishment of the Nobel
Prize. He died of cerebral haemorrhage in his home in
San Remo, Italy on December 10, 1896. |
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Alfred died
in San Remo, Italy on December 10, 1896. In his last will
and testament, he wrote that much of his fortune was to
be used to give prizes to those who have done their best
for humanity in the field of physics, chemistry, physiology
or medicine, literature and peace.
In 1901, the first Nobel Prizes
in Physics, Chemistry, Physiology or Medicine and Literature
were first awarded in Stockholm, Sweden and the Peace
Prize in Kristiania (now Oslo), Norway. |
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| The first
Prize Award Ceremony in 1901 at the Old Royal Academy
of Music in Stockholm. |
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| ebeijingv3 >> Feature >> Nobel Prize Forum 2007 >> List of All Laureates 2007 >> Prize in Economy and Science |
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The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel
1996-2000 |
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The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1996 |
| "for their fundamental contributions to the economic theory of incentives under asymmetric information" |
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| James A. Mirrlees |
William Vickrey |
 1/2 of the prize |
 1/2 of the prize |
| United Kingdom |
USA |
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University of Cambridge
Cambridge, United Kingdom |
Columbia University
New York, NY, USA |
| b. 1936 |
b. 1914
(in Victoria, BC, Canada)
d. 1996 | |
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The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997 |
| "for a new method to determine the value of derivatives" |
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| Robert C. Merton |
Myron S. Scholes |
| 1/2 of the prize |
1/2 of the prize |
| USA |
USA |
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Harvard University
Cambridge, MA, USA |
Long Term Capital Management
Greenwich, CT, USA |
| b. 1944 |
b. 1941
(in Timmins, ON, Canada) | |
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The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1998 |
| "for his contributions to welfare economics" |
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| Amartya Sen |
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| India |
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Trinity College
Cambridge, United Kingdom |
| b. 1933 | |
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The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1999 |
| "for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas" |
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| Robert A. Mundell |
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| Canada |
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Columbia University
New York, NY, USA |
| b. 1932 | |
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The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 2000 |
| "for his development of theory and methods for analyzing selective samples" |
"for his development of theory and methods for analyzing discrete choice" |
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| James J. Heckman |
Daniel L. McFadden |
| 1/2 of the prize |
1/2 of the prize |
| USA |
USA |
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University of Chicago
Chicago, IL, USA |
University of California
Berkeley, CA, USA |
| b. 1944 |
b. 1937 | | |
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