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Fama
Photo: © Nobel Foundation

Eugene F. Fama Ph.D., MBA

The Sveriges Riksbank Prize in Economics Sciences in Memory of Alfred Nobel 2013
Nobel co-recipients Lars Peter Hansen, Robert J. Shiller

Economist. Empirical analysis of asset prices. Influenced development of index funds. Father of modern finance. Idea is 'how do you measure risk?' Windsurfing, golf, opera.

In University of Chicago - Economics. Environment so productive. "We have good people, you need that; very interactive environment; people help one another out a lot. I couldn't do what I did without the help of my professors, colleagues and students. Everybody contributes to everybody else."

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Ostrom
Photo © Holger Motzkau. Painting Tim Tompkins - PaintHistory.com

Elinor Ostrom

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009
Co-nobelists: Oliver E. Williamson

Award "for her analysis of economic governance, especially the commons."

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Krugman
Photo: US Government/Wikipedia

Paul Krugman

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008

Prize: "for his analysis of trade patterns and location of economic activity."

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Aumann
Photo: Courtesy Dr. Robert J. Aumann

Robert J. Aumann Ph.D.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2005
Nobel co-recipient Thomas C. Schelling

Mathematician. Game Theory. Interest: Talmud.

"Science is exploration for the sake of exploration."

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Schelling
Photo: US Govt./Wikipedia

Thomas C. Schelling

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2005
Co-nobelists: Robert J. Aumann

Prize: "for having enhanced our understanding of conflict and cooperation through game-theory analysis."

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Vernon Smith

Photo: Courtesy Dr. Vernon Smith. Painting Tim Tompkins - PaintHistory.com

Vernon L. Smith BSEE, Ph.D.[Economics]

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002
Nobel co-recipient Daniel Kahneman

Electrical Engineer, Experimental Economist. Founder, International Foundation for Research in Experimental Economics; Founder Economic Science Institute at Chapman University.

"... If I am ever reborn, I hope to be a madman yet again ..."

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Stiglitz

Photo © Raimond Spekking / CC BY-SA 4.0 (via Wikimedia Commons). Painting Tim Tompkins - PaintHistory.com

Joseph E. Stiglitz

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001
Co-nobelists:George A. Akerlof, A. Michael Spence

Prize: "for their analyses of markets with asymmetric information."

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Vickrey

Drawing: Ami Mowris

William S. Vickrey Ph.D.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1996
Co-nobelist: James A. Mirrlees

Economist, Mathematician. 'Fundamental contributions to economic theory of incentives under asymmetric information.' Solve real world problems. Interests: efficiency of public services, irrational budget accounting, excessive concern with inflation, insufficient attention to wasteful unemployment, macroeconomic stabilization, ethics, philosophy, world peace.

Rip van Winkle award for deep, uninterrupted concentration while attending seminars.

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Mogel

Photo: Michael Fogel/Wikipedia

Robert W. Fogel

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1993
Co-nobelists: Douglass C. North

Award: "for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change"

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Becker

Photo: Mike80 Wiki, Painting Tim Tompkins - PaintHistory.com

Gary Becker

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1992

Award: "for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour"

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Miller

Photo: Wikipedia

Merton H. Miller

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1990
Co-nobelists: Harry M. Markowitz, William F. Sharpe

Award "for their pioneering work in the theory of financial economics"

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Markowitz

Harry M. Markowitz

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1990
Co-nobelists: Merton H. Miller, William F. Sharpe

Award "for their pioneering work in the theory of financial economics"

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Sharpe

Photo: Larry D. Moore/Wikipedia

William F. Sharpe

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1990
Co-nobelists: Harry M. Markowitz, Merton H. Miller

Award "for their pioneering work in the theory of financial economics"

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Haavelmo

Photo: Wikipedia Commons

Trygve Haavelmo

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1989

Award: "for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures"

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Modigliani

Photo: Atlas Network/Wikipedia

James M. Buchanan Jr.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1986

Award: "for his development of the contractual and constitutional bases for the theory of economic and political decision-making"

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,Modigliani

Photo: Umofomia Wiki Painting Tim Tompkins PaintHistory,com

Franco Modigliani

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1985

Award: "for his pioneering analyses of saving and of financial markets"

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Debreu

Photo: Konrad Jacobs, Erlangen, © MFO. Painting Tim Tompkins - PaintHistory.com

Gerard Debreu

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1983

Award: "for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium"

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Stigler

Photo Nasoline. Painting Tim Tompkins - PaintHistory.com

George J. Stigler Ph.D., M.B.A.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1982
The President's National Medal of Science - Behavior and Social Science 1987

Economist - industrial organization. 'Seminal studies of industrial structures; functioning of markets; causes, effects of public regulation.' Great teacher. Writings easy to admire, joy to read, impossible to imitate. Interest: many areas of economics; history of economics. Very Humorous.

Chicago Economics Department intellectual ferment - intense intellectual atmosphere; captivated him.

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Tobin

Photo: Wikipedia

James Tobin

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1981

Prize: "for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices"

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Klein

Photo: Wikipedia

Lawrence Klein

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1980

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Schultz

Photo Wiki. Painting Tim Tompkins - PaintHistory.com

Theodore W. Schultz Ph.D.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1979
Co-Nobelist: Sir Arthur Lewis

Agricultural economist. Pioneered ‘human capital’ research. Population quality, knowledge matter. Concern for poor. Keen observer of world in which he lived. Very Humorous.

“Mankind's future is not foreordained by space, energy, cropland. Will be determined by intelligent evolution of humanity. Agree with Margaret Mead: "Future of mankind is open ended."”

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Simon

Drawing: Richard Rappaport/Wikipedia

Herbert Simon

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1978
National Medal of Science - Behavioral and Social Science, 1986

Award: "for his pioneering research into the decision-making process within economic organizations"

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Ohlin

Photo: Wikipedia Painting Tim Tompkins - PaintHistory.com

Bertil Ohlin

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1977
Co-nobelist: James E. Meade

Award: "for their pathbreaking contribution to the theory of international trade and international capital movements"

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Meade

Photo: LSE Library, Wiki. Painting Tim Tompkins - PaintHistory.com

James E. Meade

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1977
Co-nobelist: Bertil Ohlin

Award: "for their pathbreaking contribution to the theory of international trade and international capital movements"

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Friedman

Photo: Friedman Foundation for Educational Choice/Wikipedia

Milton Friedman

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1976

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Koopmans

Photo Cowles Yale. Painting Tim Tompkins - PaintHistory.com

Tjalling C. Koopmans Ph.D.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1975
Co-Nobelists Leonid Vitaliyevich Kantorovich

Mathematician, Theoretical Physicist and Economist. Prize for theory of optimal allocation of resources. Other interest: econometrics and statistics. Hobby: writing music.

Described collaborator and friend Jacob Marschak as being able to discern both pretense and timidity!

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Hayek

Photo: Dick Clark Mises at English Wikipedia

Friedrich von Hayek

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974
Co-nobelist: Gunnar Myrdal

Award: "for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"

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Myrdal

Photo: Wikipedia

Gunnar Myrdal

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974
Co-nobelist: Friedrich von Hayek

Award "for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"

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Leontief

Photo: Keystone/Wikipedia

Wassily Leontief

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1973

Award: "for the development of the input-output method and for its application to important economic problems"

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Hicks

Painting Tim Tompkins PaintHistory.com

John R. Hicks

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972
Co-nobelists: Kenneth J. Arrow.

Award: "for their pioneering contributions to general economic equilibrium theory and welfare theory"

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Arrow

Photo: Linda A. Cicero/Stanford News Service/Wikipedia

Kenneth J. Arrow

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972, National Medal of Science - Behavioral and Social Science 2004
Co-nobelists: John R. Hicks

Award: for their pioneering contributions to general economic equilibrium theory and welfare theory"

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Kuznets

Drawing: Ami Mowris

Simon S. Kuznets Ph.D.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1971

Economist and Statistician. Interpreted economic growth in a manner which helped better understand economic and social structure.

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Samuelcon

Photo: Innovation & Business Architectures, Inc./Wikipedia

Paul A. Samuelson

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1970

Award: "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"

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Tinbergen

Photo: Dutch National Archives/Wikipedia

Jan Tinbergen

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969
Co-nobelist Ragnar Frisch

Award: "for having developed and applied dynamic models for the analysis of economic processes"

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