Nobel Prize in Economics winners announced

American economists Robert Hall and Michael Woodford won the highly anticipated 2026 Nobel Prize in Economics for their work on the microeconomic foundations of macroeconomic stability.

This prestigious award, officially named "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel", was the last Nobel prize to find its winners this year.

Hall and Woodford will share the prize money of 12 million Swedish krona (approximately $1.2 million).

The awards given by the Nobel Foundation, which was established on June 29, 1900, after the death of the Swedish Alfred Nobel, to those who served humanity, are considered the most prestigious awards in the world.

Nobel Prizes are given by the Royal Swedish Academy of Sciences, the Swedish Academy, the Karolinska Institute and the Norwegian Nobel Committee to the individuals or organizations deemed to be the most successful in 5 branches: physics, chemistry, literature, peace and medicine.

In addition, the Nobel Prize in Economics was awarded for the first time in 1969, when the Swedish Central Bank decided in 1968 to award an award in economics in memory of Alfred Nobel.

Nobel Prizes are delivered to their owners at a ceremony held every year on December 10, the anniversary of Alfred Nobel's death.

The awards have been given since 1901. Most of the cases where awards were not given occurred during the First and Second World Wars. The award ceremonies could not be held in 2020 and 2021 due to the Covid-19 epidemic.

The list of Nobel candidates is not shared with the public and the names of the candidates are kept secret for 50 years.