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Topic: The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel

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	Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel - Wikipedia, the free encyclopedia
		The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (in Swedish Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is a prize awarded each year for outstanding intellectual contributions in the field of economics.
		Although it was not one of the awards established in the will of Alfred Nobel, the economics laureates receive their diploma and gold medal from the Swedish monarch at the same December 10 ceremony in Stockholm as the Nobel laureates in physics, chemistry, physiology or medicine, and literature.
		Among the most vocal critics of the economics prize is Peter Nobel who is a peripheral member of the Nobel family – his paternal grandfather's grandmother was one of the daughters of Alfred Nobel's elder brother Ludvig.
	en.wikipedia.org /wiki/NobelPrize/EconomicSciences (1190 words)

	Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel - Biocrawler (Site not responding. Last check: 2007-10-09)
		It was instituted by the Bank of Sweden (Sveriges Riksbank) at its 300th anniversary in 1969.
		The prize is, like the prizes in Chemistry and Physics, decided by the Royal Swedish Academy of Sciences, and is awarded alongside the other prizes in the sciences.
		Among the most vocal critics of the economics prize is Peter Nobel who is a member of the Nobel family -- his paternal grandfather's grandmother was one of the daughters of Alfred Nobel's elder brother Ludvig.
	www.biocrawler.com /encyclopedia/Bank_of_Sweden_Prize_in_Economic_Sciences_in_Memory_of_Alfred_Nobel (1077 words)

	Nobel Prize, Nobel Prizes (Site not responding. Last check: 2007-10-09)
		The Nobel Memorial Prize in Economic Sciences (officially it is the cumbersome Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel) is not a Nobel Prize in the same sense.
		The Central Bank of Sweden established it in 1968 as a memorial to Alfred Nobel.
		Nobel Prize award ceremonies are held on Dec. 10, the anniversary of Alfred Nobel’s death in 1896.
	www.stthomas.edu /jour/apstyle/Nobel_Prize_Nobel_Prize.html (169 words)

	Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel
		The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (often called erroneously The Nobel Prize in Economics or The Nobel Prize for Economics) is different from the rest of prizes awarded at the Nobel Prize ceremony in that it is not part of the Alfred Nobel bequest.
		The Prize was instituted by the Bank of Sweden (Sveriges Riksbank) at its 300th anniversity in 1969.
		Members of the Nobel family are contesting use of the term Nobel Prize in Economics in any context.
	www.knowledgefun.com /book/b/ba/bank_of_sweden_prize_in_economic_sciences_in_memory_of_a.html (192 words)

	Economic Sciences
		There is much work done on the economic side and many prizes were given to recipients for prominent contributions to the general equilibrium theory, macroeconomics, microeconomics, interdisciplinary research and new methods of economic analysis - with originality, importance and impact as foremost criteria.
		Economics, in my opinion, is at least as important for the survival of the planet and its inhabitants as other disciplines.
		Throughout the world, economic success and common or individual welfare is still measured by principles from the "stone age": simple monetary growth, resulting in monetary profit or loss.
	members.aon.at /malestris/wirtschaft/texte/nobel.htm (762 words)

	Nobel Prize in Economics (Site not responding. Last check: 2007-10-09)
		Economics has also been regarded as a non-experimental science, where researchers – as in astronomy or meteorology – have had to rely exclusively on field data, that is, direct observations of the real world.
		The first experiments in economics were aimed at testing what is perhaps the most fundamental result in economic theory: under perfect competition, the market price establishes an equilibrium between supply and demand at the level, where the value assigned to a good by a marginal buyer is as high as that of a marginal seller.
		Economic theory relies on the assumption that economic agents may be likened to a "homo oeconomicus".
	www.ifreeweb.org /2002nobelprize.php (8264 words)

	The Nobel Prize Laureates
		The first ceremony to award the Nobel Prizes in literature, physics, chemistry, and medicine was held at the Old Royal Academy of Music in Stockholm in 1901; since 1902, the prizes have been formally awarded by the King of Sweden.
		The Prizes are awarded at a formal ceremony held annually on December 10, the date that Alfred Nobel passed away.
		The prizes for physics and chemistry shall be awarded by the Swedish Academy of Sciences; that for physiology or medical works by the Karolinska Institute in Stockholm; that for literature by the Academy in Stockholm, and that for champions of peace by a committee of five persons to be elected by the Norwegian Storting.
	www.nobelpreis.org /english (416 words)

	Gary S. Becker - Nobel Prize
		Alongside Becker's analysis of the distribution of labor and allocation of time in the household, his most influential contribution in the context of the household and the family is probably his studies on fertility, which were initiated in an essay entitled, An Economic Analysis of Fertility, 1960.
		Parents are assumed to have preferences regarding both the number and educational level of their children, where the educational level is affected by the amount of time and other resources that parents spend on their children.
		Discrimination is defined as a situation where an economic agent is prepared to incur a cost in order to refrain from an economic transaction, or from entering into an economic contract, with someone who is characterized by traits other than his/her own with respect to race or sex.
	home.uchicago.edu /~gbecker/Nobel/nobel.html (1780 words)

	ICES - Press Release (Site not responding. Last check: 2007-10-09)
		Arlington, VA — The Royal Swedish Academy of Sciences has awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel - the Nobel Prize in Economics - to George Mason University professor Dr.
		Smith is the founder and research scholar at the Interdisciplinary Center for Economic Science (ICES), a distinguished fellow of the American Economic Association, and a fellow at the American Academy of Arts and Sciences; he was elected a member of the National Academy of Sciences in 1995.
		He currently serves on the Board of Directors of the International Foundation for Research in Experimental Economics, an adjunct scholar at the Cato Institute, and is a research fellow and board member of the Mercatus Center.
	www.ices-gmu.org /article.php/396.html (487 words)

	Nobel Prize - Simple English Wikipedia
		Winners of the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (decided by the Royal Swedish Academy of Sciences)
		The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, sometimes called the Nobel Prize in Economics, was not a part of Nobel's will.
		Since this prize was not in Nobel's will, and is not paid for by his money, it is technically not a Nobel Prize.
	simple.wikipedia.org /wiki/Nobel_Prize (247 words)

	Alfred Bernhard Nobel -- Encyclopædia Britannica (Site not responding. Last check: 2007-10-09)
		Alfred Bernhard Nobel was the fourth son of Immanuel and Caroline Nobel.
		Nobel, nevertheless, left much of his fortune for the Nobel prizes to promote world peace, advance scientific knowledge, and encourage...
		Alfred Nobel, a Swedish chemist and the inventor of dynamite, left more than 9 million dollars of his fortune to found the Nobel prizes.
	www.britannica.com /eb/article-9056007 (853 words)

	蜗牛背上的小屋---I am searching for something
		He realized that economics is not about the amassing of data, but rather about the verbal elucidation of universal facts (for example, wants are unlimited, means are scarce) and their logical implications.
		As professor of economics at the University of Vienna, and then tutor to the young but ill-fated Crown Prince Rudolf of the House of Habsburg, Menger restored economics as the science of human action based on deductive logic, and prepared the way for later theorists to counter the influence of socialist thought.
		It is economics made whole." The appearance of this work was the hinge of the whole history of the Austrian School, and it remains the economic treatise that defines the School.
	spaces.msn.com /ctw-ch2 (4923 words)

	Press Release: The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1998
		By answering questions such as these, Amartya Sen has made a number of noteworthy contributions to central fields of economic science and opened up new fields of study for subsequent generations of researchers.
		By combining tools from economics and philosophy, he has restored an ethical dimension to the discussion of vital economic problems.
		For example, part of his explanation for the Bangladesh famine of 1974 is that flooding throughout the country that year significantly raised food prices, while work opportunities for agricultural workers declined drastically as one of the crops could not be harvested.
	www.angelfire.com /ab/bengaliskanyheter/economics98.html (2161 words)

	Odin - The Nobel Peace Prize (Site not responding. Last check: 2007-10-09)
		In addition, a Nobel memorial prize was established in 1968 ‹ The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
		Many other similar prizes are of course given by other institutions all over the world, but the Nobel prizes have maintained a unique position since the first one was awarded in 1901.
		This is the anniversary of Alfred Nobel¹s death and ceremonies are held on that date both in Stockholm and in Oslo.
	odin.dep.no /odin/engelsk/norway/foreign/032091-120048/index-dok000-b-n-a.html (3365 words)

	Winners of the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (a.k.a. Nobel Prize in Economics)
		for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium.
		for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development.
		for the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science.
	www.almaz.com /nobel/economics/economics.html (696 words)

	NIH Grantees Awarded Nobel Prize in Economics
		The prize is for their work in the field of microeconometrics, where each of the laureates has developed theory and methods that are widely used in the statistical analysis of individual and household behavior, within economics as well as other social sciences.
		Heckman was awarded the Nobel Prize in Economics for his pioneering work in accounting for unknown factors affecting statistical samples.
		McFadden, professor of economics at the University of California, Berkeley, was cited for his work involving a new theory of "discrete choice," a way to measure how an individual's decisions regarding occupation or housing, for instance, reflect choices among a limited number of alternatives.
	www.nichd.nih.gov /new/releases/nobel.cfm (897 words)

	Cissie Dore Hill: The Nobel and the Hoover Institution (Site not responding. Last check: 2007-10-09)
		Three of these Nobel laureates are currently senior fellows at Hoover, many others have been associated with Hoover in the past, and the papers of several Nobel Prize—winning economists are housed in the archives.
		He was awarded the Nobel Prize in 1992 for having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including nonmarket behavior, that had previously been dealt with, if at all, by other social science disciplines such as sociology, demography, and criminology.
		Milton Friedman and George Stigler (Hoover senior fellow and recipient of the Nobel Prize for economics, 1982) were 2 of its 39 original members.
	www.hooverdigest.org /023/hill-side.html (503 words)

	Background on the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997 (Site not responding. Last check: 2007-10-09)
		Background on the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997
		Whereas most existing options are financial, a number of economic contracts and decisions can also be viewed as options: an investment in buildings and machinery may provide opportunities (options) to expand into new markets in the future.
		Banks and other financial institutions use the method developed by Black, Merton and Scholes to develop and determine the value of new products, sell tailor-made financial solutions to their customers, as well as to reduce their own risks by trading in financial markets.
	gsbwww.uchicago.edu /fac/thomas.hubbard/research/97nobel2.htm (2846 words)

	The University of Chicago Magazine: December 2001, Features
		Many of Chicago's Nobel honors have come in the sixth and youngest category: the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, established in 1968 by the Sveriges Riksbank, the Swedish equivalent of the Federal Reserve System.
		Chicago economics analyzes the responses of individuals, firms, and the public sector to costs, benefits, and incentives; pairs a fundamental appreciation for the power of competitive forces with a healthy distrust of governmental intervention in markets; and places a high value on personal and economic freedoms.
		An expert on sports economics, he has written on free agency, the economic impact of stadiums, and home-court advantage in the NBA, and is at work on two pieces on competitive balance for the Journal of Sports Economics.
	magazine.uchicago.edu /0112/features (609 words)

	Press Release: The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997 (Site not responding. Last check: 2007-10-09)
		Banks and investment banks regularly use the laureatesí methodology to value new financial instruments and to offer instruments tailored to their customersí specific risks.
		Scholes has clarified the impact of dividends on stock market values, together with Black and Miller (Merton Miller was awarded the Prize in 1990 for his contributions to corporate finance), and made empirical contributions, for example concerning estimation of the so-called beta value (a risk measure in the CAPM).
		Additional background material on the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997, The Royal Swedish Academy of Sciences: http://www.kva.se/ecoback97.html
	gsbwww.uchicago.edu /fac/thomas.hubbard/research/97nobel1.htm (1563 words)

	Nobel Prize in Economics 2005 goes to Game Theory economists
		The Bank of Sweden (Sveriges Riksbanks) Prize in Economic Sciences in Memory of Alfred Nobel was instituted in 1968, at the tercentenary of the bank.
		The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel goes this year to Robert Aumann and Thomas Schelling.
		Distinguished University Professor at the Department of Economics and School of Public Policy, Emeritus, at University of Maryland, College Park, MD, USA and Lucius N. Littauer Professor of Political Economy, Emeritus, at Harvard University.
	www.finfacts.com /irelandbusinessnews/publish/printer_10003577.shtml (673 words)

	Economics Nobel: Discrete choices
		THE BANK of Sweden Prize in Economic Sciences, in memory of Alfred Nobel, has been awarded to Prof James Heckman for developing the theory and methods to analyse selective samples, and to Prof Daniel McFadden for developing the theory and methods to analyse discrete choice.
		Note that the prize in economics is for economic sciences.
		The work of the two Nobel awardees are highly technical, though in the US their work seems to have gathered a lot of follow-up.
	www.thehindubusinessline.com /2000/10/18/stories/041820br.htm (1355 words)

	RWES \| Opportunity Cost Economics Newsletter (Site not responding. Last check: 2007-10-09)
		The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1998 was awarded to Amartya Sen "for his contributions to welfare Economics."
		In 1953, after having obtained a B.A. from Calcutta University with a major in economics and minor in mathematics, Amartya Sen moved to Cambridge and studied at Trinity College in Cambridge for another B.A in pure economics.
		It is interesting to note that when Amartya Sen was given the Prize Fellowship at Cambridge he took the radical decision of studying philosophy during that time.
	ravi.lums.edu.pk /rwes/nobel2.html (850 words)

	10.11.00 - UC Berkeley economist Daniel McFadden receives this year's Nobel Prize in economics
		McFadden, in the economics department of the College of Letters & Science, is "an economist's economist," said Maurice Obstfeld, department chair.
		McFadden said that being honored with the 2000 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel "is more than I dreamed.
		McFadden's Nobel brings to 17 the number of UC Berkeley faculty members who have been awarded the prize.
	www.berkeley.edu /news/media/releases/2000/10/11_nobel.html (882 words)

	MSN Encarta - Search Results - Bank of ... Alfred Nobel
		Nobel, Alfred Bernhard (1833-96), Swedish chemist, inventor, and philanthropist, born in Stockholm.
		Nobel Prizes, annual monetary awards granted to individuals or institutions for outstanding contributions in the fields of physics, chemistry,...
		Nobel Prizes : pictures of Nobel Prize recipients: Alfred Hershey
	encarta.msn.com /encnet/refpages/search.aspx?q=Bank+of+...+Alfred+Nobel (118 words)

	The Electronic Nobel Foundation (Site not responding. Last check: 2007-10-09)
		The Electronic Nobel Museum Project was initiated in 1996 by the Nobel Foundation and the Nobel Prize Awarding Institutions.
		science and culture on Internet presenting popular, educational, and scientific documents describing work recognized by the Nobel Prizes and the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
		The focus of this section is on the history of science and literature, political conflicts and efforts to promote their peaceful solutions.
	schoolnet.ca /home/e/resources/metadata/newurl_sciences_11412_e.html (299 words)

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