The Erwin Plein Nemmers Prize in Economics is an academic prize awarded biennially by

Northwestern University Northwestern University (NU) is a Private university, private research university in Evanston, Illinois, United States. Established in 1851 to serve the historic Northwest Territory, it is the oldest University charter, chartered university in ...

. It was initially endowed along with a companion prize, the Frederic Esser Nemmers Prize in Mathematics. Both are part a $14 million donation from the Nemmers brothers, who envisioned creating an award that would be as prestigious as the Nobel prize. Nine out of the past 15 Nemmers economics prize winners have gone on to win a Nobel Prize : Peter Diamond, Thomas J. Sargent,

Robert Aumann Robert John Aumann (Yisrael Aumann, ; born June 8, 1930) is an Israeli-American mathematician, and a member of the United States National Academy of Sciences. He is a professor at the Center for the Study of Rationality in the Hebrew University ...

, Daniel McFadden,

Edward C. Prescott Edward Christian Prescott (December 26, 1940 – November 6, 2022) was an American economist. He received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, Nobel Memorial Prize in Economics in 2004, sharing the award with ...

Lars Peter Hansen Lars Peter Hansen (born 26 October 1952 in Urbana, Illinois) is an Americans, American economy, economist. He is the David Rockefeller Distinguished Service Professor in Economics, Statistics, and the Booth School of Business, at the Universi ...

Jean Tirole Jean Tirole (born 9 August 1953) is a French economist who is currently a professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and psychology. In particular, he focus ...

,French economist Jean Tirole recognized for contributions to economic theory
, February 27, 2014,

Paul R. Milgrom and, most recently,

Claudia Goldin Claudia Dale Goldin (born May 14, 1946) is an American economic historian and labor economist. She is the Henry Lee Professor of Economics at Harvard University. In October 2023, she was awarded the Nobel Memorial Prize in Economic Sciences "fo ...

. Those who already have won a Nobel Prize are ineligible to receive a Nemmers prize. The Nemmers prizes are given in recognition of major contributions to new knowledge or the development of significant new modes of analysis in the respective disciplines. As of 2023, the prize carries a $300,000 stipend, among the largest monetary awards in the United States for outstanding achievements in economics.

Awardees

*2024: Michael Woodford, "for advancing the New Keynesian approach to understanding economic fluctuations in general equilibrium, bridging the theory and the practice of monetary policy, and incorporating bounded rationality in macroeconomics."Laureate 2024
/ref> *2022: Ariel Pakes, "for his fundamental contributions to the development of the field of empirical industrial organization." *2020:

, "for her groundbreaking insights into the history of the American economy, the evolution of gender roles and the interplay of technology, human capital and labor markets." (Nobel 2023) *2018: David Kreps, "for his work in game theory, decision theory and finance." *2016:

Richard Blundell Sir Richard William Blundell CBE FBA (born 1 May 1952 in Shoreham-by-Sea) is a British economist and econometrician. Blundell is the David Ricardo Professor of Political Economy at the Department of Economics of University College London and ...

, "for his important contributions to labor economics, public finance and applied econometrics." *2014:

, "based on his various contributions to economic theory and its application to finance, industrial organization and behavioral economics." (Nobel 2014) *2012:

Daron Acemoglu Kamer Daron Acemoğlu (;, ; born September 3, 1967) is a Turkish Americans, Turkish-American economist of Armenians in Turkey, Armenian descent who has taught at the Massachusetts Institute of Technology since 1993, where he is currently the Ja ...

(Nobel 2024) *2010:

Elhanan Helpman Elhanan Helpman (; born March 30, 1946) is an Israeli economist who is currently the Galen L. Stone Professor of International Trade at Harvard University. He is also a professor emeritus at the Eitan Berglas School of Economics at Tel Aviv Unive ...

*2008: Paul R. Milgrom (Nobel 2020) *2006:

(Nobel 2013) *2004:

Ariel Rubinstein Ariel Rubinstein (Hebrew: אריאל רובינשטיין; born April 13, 1951) is an Israeli economist who works in economic theory, game theory and bounded rationality. Biography Ariel Rubinstein is a professor of economics at the School of Ec ...

*2002:

(Nobel 2004) *2000: Daniel McFadden (Nobel 2000) *1998:

(Nobel 2005) *1996: Thomas J. Sargent (Nobel 2011) *1994: Peter Diamond (Nobel 2010)

References

Nemmers awards in economics, math announced
Northwestern University NewsCenter, April 22, 2008.

{{Webarchive, url=https://web.archive.org/web/20120620044727/http://www.northwestern.edu/provost/awards/nemmers/index.html , date=2012-06-20 Economics awards Northwestern University 1994 establishments in Illinois

Awardees

See also

References