NOBEL PRIZES IN ECONOMICS

The Sveriges Riksbank Prize in Economic Sciences in

Memory of Alfred Nobel, informally called the Nobel
Prize in Economics
ANGUS DEATON [2015]

Life:-
 Angus Deaton was born in Edinburgh, Scotland and was educated at Fettes
College. He then studied at the University of Cambridge, where he received his
doctorate in 1975
 A professor at the University of Bristol he joined the faculty at Princeton
University, New Jersey, USA, in 1983.

Work:-
 His research deals with how consumption depends on prices, puts consumption
in relation to savings and incomes, and shows how data on consumption can be
used to analyze welfare, poverty, and economic development.
 He has won Nobel Prize for his analysis of consumption, poverty, and
welfare.
OLIVER HART [2016]

Life:-
 Oliver Hart was born in London, Great Britain. He studied
mathematics at Cambridge University, economics at the University of
Warwick and received his PhD at Princeton University, New Jersey, in
1974.
 He has been affiliated to several universities, including Cambridge
University, London School of Economics, Massachusetts Institute of
Technology and Harvard University, where he has been working since
1993.

Work:-
 He has won Nobel Prize for their contibutions to contract theory.
BENGT HOLMSTRÖM [2016]

Life:-
 Bengt Holmström was born in Helsinki, Finland, and belongs to the
Swedish-speaking minority. He studied mathematics and physics at the
University of Helsinki and operations research at Stanford University,
Palo Alto, California, where he received his PhD in 1978.
 He has been affiliated to the Stockholm School of Economics, Sweden,
Northwestern University, Evanston, Illinois, Yale University, New
Haven, Connecticut, and the Massachusetts Institute of Technology,
where he has been working since 1994.

Work:-
 He has won Nobel Prize for their contributions to contract theory
RICHARD H. THALER [2017]

Life:-
 Richard H. Thaler was born in East Orange, New Jersey. After studies at
Case Western Reserve University in Cleveland, Ohio, he received his
doctor’s degree at the University of Rochester in New York in 1974.
 He subsequently has worked at the University of Rochester, at Cornell
University in Ithaca, New York, and at the University of Chicago, where he
still is working today.

Work:-
 Since the 1980s, Richard Thaler has analyzed economic decision-making
with the aid of insights from psychology. He has paid special attention to
three psychological factors: The tendency to not behave completely
rationally, notions of fairness and reasonableness, and lack of self-control.
 He has won Nobel Prize for his contributions to behavioural
economics.
WILLIAM NORDHAUS [2018]

Life:-
 William Nordhaus was born in Albuquerque, New Mexico in the United
States. He studied at Yale University and completed his PhD in 1967 at
the Massachusetts Institute of Technology.
  He has been associated with Yale University since 1967 and a professor
there since 1973. He has been a member of the Brookings Panel on
Economic Activity since 1972, and from 1977 to 1979 he was an economic
advisor to President Jimmy Carter’s administration.

Work:-
 William Nordhaus’ findings deal with interactions between society, the
economy and climate change.
 William Nordhaus’ findings deal with interactions between society, the
economy and climate change.
 He has won Nobel Prize for integrating climate change into long-