Robert E. Hall and Michael Woodford win Nobel prize in economics
- Last updated: October 12, 2026 | 14:14
Robert E. Hall and Michael Woodford won the Nobel memorial prize in economics on Monday for their work on the microeconomic foundations of macroeconomic stabilisation.
The award was announced by the Royal Swedish Academy of Sciences in Stockholm.
The economics prize is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
Nobel purists stress that the economics prize is technically not a Nobel Prize, but it is always presented together with the others on Dec. 10, the anniversary of Nobel’s death in 1896.
Nobel honours were announced last week in medicine, physics, chemistry, literature and peace.
The prize money this year is 12 million Swedish kronor (about $1.2 million), whether for an individual, small group of laureates or organisation.
Associated Press