Erwin Plein Nemmers Prize in Economics

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The Erwin Plein Nemmers Prize in Economics is awarded biennially from Northwestern University. 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. Six out of the past 11 Nemmers economics prize winners have gone on to win a Nobel Prize : Peter Diamond, Thomas J. Sargent, Robert Aumann, Daniel McFadden, Edward C. Prescott and Lars Peter Hansen. 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. Currently, the prize carries a $200,000 stipend, among the largest monetary awards in the United States for outstanding achievements in economics.[1]

Awardees[edit]

  • 2014: Jean Tirole, “based on his various contributions to economic theory and its application to finance, industrial organization and behavioral economics.”[1] (Nobel 2014)

References[edit]

  1. ^ a b French economist Jean Tirole recognized for contributions to economic theory, February 27 2014, Northwestern University