D. Acemoğlu, S. Johnson und J. Robinson erhielten 2024 den Nobelpreis für Wirtschaftswissenschaften für ihre Forschung zu den Auswirkungen von Institutionen auf den Wohlstand von Nationen. Sie erweiterten die klassische Wirtschaftstheorie um die institutionelle und politökonomische...

Der Preis der Schwedischen Reichsbank für Wirtschaftswissenschaften im Gedenkenan Alfred Nobel geht im Jahr 2023 an Claudia Goldin, die Henry-Lee-Professorin fürWirtschaftswissenschaften an der Harvard-Universität. Sie ist sowohl Arbeitsökonominals auch Wirtschaftshistorikerin und erst die...

The authors take a critical view of the investment approach advocated by recent Nobel laureate Robert Shiller. A critic of efficient markets theory, Shiller has proposed that investors, when attempting to determine whether the S&P Index is under‐ or overvalued, should use a P/E ratio whose...

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

Der Preis der Schwedischen Reichsbank für Wirtschaftswissenschaften im Gedenken an Alfred Nobel geht an Ben Bernanke, Douglas Diamond und Philip Dybvig. Nach Ansicht der Königlich Schwedischen Akademie der Wissenschaften haben die Preisträger "unser Verständnis der Rolle der Banken in der...

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

Artificial intelligence is rapidly transforming our world. The author describes the fascinating career of Herbert A. Simon, a father of artificial intelligence, renaissance man, and true polymath who made pioneering contributions to fields ranging from economics to psychology and from management...

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...

In this paper, I examine the strategies by which Elinor Ostrom carved out a successful career as a woman in the social sciences with a particular emphasis on her engagement with the discipline of economics. The methodology is guided by Ostrom’s work with small-N case studies. Layers of...

This paper studies life cycle creativity among Nobel laureate economists. We identify two distinct life cycles of scholarly creativity. Experimental innovators work inductively, accumulating knowledge from experience. Conceptual innovators work deductively, applying abstract principles. We find...

John Maynard Keynes became world famous with the publication of The Economic Consequences of the Peace in 1919, a harsh critique of the Versailles peace treaty. As a consequence, Keynes was nominated by German professors in economics for the Nobel Peace Prize three years in a row, 1922, 1923 and...

In October 1993, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert William Fogel and Douglass Cecil North `for having renewed research in economic history.' The Academy noted that `they were pioneers in the branch of economic history that has been called the...

Der Nobelpreis für Wirtschaftswissenschaften geht 2021 an David Card für seine empirischen Beiträge zur Arbeitsökonomik sowie an Joshua Angrist und Guido Imbens für ihre methodischen Beiträge zur Analyse kausaler Zusammenhänge. Die Analyse kausaler Zusammenhänge in der empirischen...

Oliver Hart and Bengt Holmström were awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their path breaking work.

Using a new identification strategy and unique, rich data on Nobel laureates, we show that being in new or multiple locations, as measures of exposure to novel combinations of ideas, and the number of other local important innovators, all increase the probability that eventual Nobel laureates...

The Nobel Prize in Physiology or Medicine is the most prestigious and coveted award in medical research. Anecdotal evidence and related research suggest that receiving it may adversely affect research productivity. We compared the post-Nobel research output of laureates (prize years: 1950-2010)...

We analyse the production and networks of Nobel laureates in Economics, employing the Normalized Impact Factor (NIF) of their publications in the Journal of Citation Report (Economics), to identify the academic leaders among those laureates awarded between 1969 and 2016. Our results indicate...

We examine how prize announcements in economics influence the attention of insiders and outsiders to the field. Insiders pay greatest attention to consensus papers cited by the Nobel Prize Committee and written by past Clark Medal winners; outsiders focus more on consensus papers not written by...

We analyse the production and networks of Nobel laureates in Economics, employing the Normalized Impact Factor (NIF) of their publications in the Journal of Citation Report (Economics), to identify the academic leaders among those laureates awarded between 1969 and 2016. Our results indicate...

Robert Wilson und Paul Milgrom erhielten am 10. Dezember 2020 den Preis der Schwedischen Nationalbank für Wirtschaftswissenschaften zu Ehren von Alfred Nobel. Die Ökonomen erhielten den Preis für ihre Beiträge zur Auktionstheorie und für die Entwicklung neuer Auktionsformate.

The citation for Milton Friedman's Nobel Prize of 1976 points to three contributions. In two cases, the principal works the Committee must have had in mind are easy to identify. The question of what was intended by the third – ‘his demonstration of the complexity of stabilization policy' –...

This publication features conversations on antitrust law with Nobel Prize laureates in Economics and aims at understanding how useful their work could be to antitrust law. Given the rigor and importance of their body of work, antitrust scholars, lawyers, officials, and anyone who's interested in...

This short paper offers some reflections on the 2018 Nobel Memorial Prize awarded to Paul Romer. We describe the intellectual path that led him to embed endogenously-generated knowledge in growth models, a contribution that we believe was foremost a mathematical achievement. Accordingly, we...

Awarded for the first time in 1988 to Nelson Mandela and Anatoli Marchenko, the Sakharov Prize for Freedom of Thought is the highest tribute paid by the European Union to human rights work. It gives recognition to individuals, groups and organisations that have made an outstanding contribution...