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NOBEL LECTURES IN ECONOMIC SCIENCES 1991 - 1995

edited by Torsten Persson (University of Stockholm, Sweden)

Below is a list of the prizewinners during the period 1991 – 1995 with a description of the works which won them their prizes:

(1991) R H COASE – for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy; (1992) G S BECKER – for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour; (1993) R W FOGEL & D C NORTH – for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change; (1994) J C HARSANYI, J F NASH & R SELTEN – for their pioneering analysis of equilibria in the theory of non-cooperative games; (1995) R E LUCAS – for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy.


Readership: Economists and other social scientists.

280pp Pub. date: Jul 1997
ISBN 981-02-3059-1 US$44 / £28
ISBN 981-02-3060-5(pbk) US$23 / £14


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Updated on 16 May 2008