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      The Nobel Prize in Economics Turns 50

      1 , 2

      The American Economist

      SAGE Publications

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          Abstract

          The first Sveriges Riksbank Prizes in Economic Sciences in Memory of Alfred Nobel were awarded in 1969, 50 years ago. In this essay, we provide the historical origins of this sixth “Nobel” field, background information on the recipients, their nationalities, educational backgrounds, institutional affiliations, and collaborations with their esteemed colleagues. We describe the contributions of a sample of laureates to economics and the social and political world around them. We also address—and speculate—on both some of their could-have-been contemporaries who were not chosen, as well as directions the field of economics and its practitioners are possibly headed in the years ahead, and thus where future laureates may be found.

          JEL Classifications: A1, B3

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          Most cited references 3

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          Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition

           Sherwin Rosen (1974)
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            Simon Kuznets' Contribution to Economics

             Erik Lundberg (1971)
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              On Theodore W Schultz's Contributions to Economics

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                Author and article information

                Journal
                The American Economist
                The American Economist
                SAGE Publications
                0569-4345
                2328-1235
                June 03 2019
                June 03 2019
                : 056943451985242
                Affiliations
                [1 ]The University of Chicago, IL, USA
                [2 ]Vanderbilt University, Nashville, TN, USA
                Article
                10.1177/0569434519852429
                © 2019

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