Nobel Prize in Economic Sciences Will Be Announced
The Royal Swedish Academy of Sciences will reveal the 2026 economic laureate on October 12.
Updated on Oct. 12, 2026 in Economics — General
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The Royal Swedish Academy of Sciences will announce the Nobel Prize in Economic Sciences on October 12, 2026. This award marks the final announcement in the annual Nobel Prize cycle.
Why it matters
The prize honors significant advancements in economic research, following a tradition established by the Sveriges Riksbank in 1969 to commemorate its 300th anniversary.
The Sveriges Riksbank Prize in Economic Sciences was established in 1969, arriving 68 years after the original Nobel Prizes began in 1901. Up to three laureates can share the honor, with prize money distributed based on their individual contributions.
The players
Royal Swedish Academy of Sciences
This organization is responsible for selecting the laureates for the Nobel Prize in Economic Sciences.
Sveriges Riksbank
This central bank established and funds the prize money for the economics award to mark its 300th anniversary.
Susan Athey
She is a notable economist who previously received the John Bates Clark Medal in 2007.
Ariel Pakes
He is an economist known for co-developing a model to estimate consumer product choices and merger price impacts.
The details
The economics prize is distinct from the original awards established after Alfred Nobel signed his will in 1895. Academic speculation often focuses on potential breakthroughs, such as research regarding the economic impact of artificial intelligence.
Timeline
Alfred Nobel signed his will in 1895.
The Nobel Prize ceremony tradition began in 1901.
The economics prize was established in 1969.
Susan Athey received the John Bates Clark Medal in 2007.
The 2026 prize announcement is scheduled for October 12, 2026.
Macro View
The prize follows the structural precedents set by the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. This award maintains a historical trajectory distinct from the original 1901 Nobel Prizes, reflecting the evolution of economic academic recognition.
The announcement provides insight into the latest academic developments that may influence global economic policies or institutional standards. Readers can expect a shift in academic focus as researchers evaluate the theories proposed by the new laureates.
The takeaway
The Nobel Prize in Economic Sciences continues to highlight top-tier research nearly seven decades after its inception. Observers can watch the announcement to see which modern economic challenges, such as the rise of artificial intelligence, gain formal recognition.
Further reading
For more information on historical trends, visit Economics — General.
Source note: This article includes information reported by 조선일보.
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