What Is The Nobel Prize In Economic Sciences Awarded For?
By Jasreet Kaur26, Dec 2024 05:30 PMjagranjosh.com
Do you know?
The Nobel Prize in Economic Sciences, established in 1968, honors individuals for groundbreaking work in economics. Tap to read in detail.
Purpose
Honors research that transforms economics and improves global policies. It celebrates innovative ideas that influence real-world change.
Established
Founded in 1968, it recognises economics' role in shaping the modern world. It acknowledges contributions that advance human progress and welfare.
Key Areas
Rewards work addressing markets, inequality, and global challenges. It highlights research that brings solutions to economic and social problems.
Notable Winners
Economists like Amartya Sen and Milton Friedman reshaped global economic thinking. Their work has inspired policies that impact millions of lives worldwide.
Global Impact
Highlights ideas tackling poverty, sustainability, and global disparities. It drives discussions on creating equitable and sustainable futures.
Real-World Solutions
Focuses on research offering practical answers to pressing global issues. The award recognizes contributions that blend theory with actionable strategies.