| |
|
|
|
| |
A Glance Over the Past 100 Years
|
|
|
|
The Nobel Prize in Economics
|
|
|
2007-9-26
The Nobel Prize in Economics was founded in many years later after the death of Alfred Nobel.
Different from other Nobel Prizes, the prize in economics was founded by Sweden Central Bank in celebration of its 300 anniversary with a formal title "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". The very first Nobel Prize in Economics was awarded in 1969.
The process and standard for the nomination to the Prize is very strict and different from others. Each year, the Royal Swedish Academy of Science will receive about 250 nominations usually including more than 100 candidates.
The Economics Prize Committee of the Royal Swedish Academy of Sciences authorizes experts to select the laureates in Economics. Most of them are world famous experts in Economics. Then, the Economics Prize Committee submits its proposal to the Royal Swedish Academy of Sciences. At last, all members of the Academy are gathered for the final determination of the laureate of the year.
The Nobel Prize in Economics was given to several economists who were researching macro-economics. In recent decade, two important economists who were focused on macro-economics theories were honored with this prize. The first one is Robert E. Lucas from University of Chicago for his development of the hypothesis of rational expectations. The second one is Robert A. Mundell from Columbia University "for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas". He is also known as ¡°the father of Euro".
|
|
| |
|
|
|
| |
Organizer:
Beijing Municipal Association for Science & Technology
Undertaker: Beijing Science & Technology
Consulting Center,
Information Center of Beijing Municipal Association for
Science & Technology |
|
|
|
