Anticipation Builds for 2023 Nobel Memorial Prize in Economics

The final Nobel prize announcement of the year, the Nobel Memorial Prize in Economics, occurs this Monday. The award, established by the Bank of Sweden in 1968, will honor distinguished work in economics, continuing the tradition initiated by Swedish businessman Alfred Nobel. Last year’s prize focused on societal prosperity dynamics.

The Nobel Memorial Prize in Economics, the concluding accolade of this year's Nobel season, is set to be announced Monday morning, spotlighting achievements in economic sciences. Instituted in 1968 by Sweden's central bank in memory of Alfred Nobel, the prize highlights exemplary contributions to the field.

Last year's recipients, Daron Acemoglu, Simon Johnson, and James A. Robinson, were awarded for their research on the prosperity gap among nations. The economists demonstrated that open, free societies tend to achieve greater levels of wealth, influencing global economic thought.

Despite being a secondary initiative to the original Nobel Prizes, the Economics Prize is traditionally presented alongside them on December 10, the anniversary of Nobel's passing. To date, it has been granted to 96 laureates over 56 years, with just three previous female recipients.

(With inputs from agencies.)