Tue. Feb 18th, 2025

American economic historian Claudia Goldin has been awarded the 2023 Nobel economics prize by the Royal Swedish Academy of Sciences. Goldin received the prestigious prize for her contributions to understanding women’s labor market outcomes. The award, also known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, comes with a prize worth 11 million Swedish crowns ($999,137).

The economics prize is the final Nobel prize of the year and follows other awards for COVID-19 vaccine discoveries, atomic snapshots, “quantum dots,” a Norwegian dramatist, and an Iranian activist. Unlike the original prizes established by Alfred Nobel, the economics prize was added later by Sweden’s central bank in 1968.

The first economics prize was awarded in 1969, and past recipients include influential thinkers and academics such as Friedrich August von Hayek, Milton Friedman, and Paul Krugman. Last year, a group of US economists, including former Federal Reserve Chair Ben Bernanke, won the prize for their research on regulating banks and supporting failing lenders with public funds to prevent economic crises.

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By admin