Sunday, April 6, 2014

Classifying Economics Nobels

Someone at the Nobel Foundation has compiled a list of Nobel prizes by fields, with a definition of "field" taken from the one-line prize citation. It makes for a lot of fields...so it may be subject to change. Here's what it looked like recently:

Applied game theory (1)

"for the theory of stable allocations and the practice of market design"

Development economics (2)

"for their pioneering research into economic development research with particular consideration of the problems of developing countries"
"for their pioneering research into economic development research with particular consideration of the problems of developing countries"

Econometrics (8)

"for having developed and applied dynamic models for the analysis of economic processes"
"for having developed and applied dynamic models for the analysis of economic processes"
"for his clarification of the probability theory foundations of econometrics and his analyses of simultaneous economic structures"
"for his development of theory and methods for analyzing selective samples"
"for his development of theory and methods for analyzing discrete choice"
"for methods of analyzing economic time series with time-varying volatility (ARCH)"
"for methods of analyzing economic time series with common trends (cointegration)"
"for their empirical analysis of asset prices"

Economic governance (2)

"for her analysis of economic governance, especially the commons"
"for his analysis of economic governance, especially the boundaries of the firm"

Economic growth (1)

"for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development"

Economic growth theory (1)

"for his contributions to the theory of economic growth"

Economic history (3)

"for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development"
"for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change"
"for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change"

Economic psychology (2)

"for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty"
"for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms"

Economic sociology (1)

"for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour"

Economics of information (5)

"for their fundamental contributions to the economic theory of incentives under asymmetric information"
"for their fundamental contributions to the economic theory of incentives under asymmetric information"
"for their analyses of markets with asymmetric information"
"for their analyses of markets with asymmetric information"
"for their analyses of markets with asymmetric information"

Experimental economics (2)

"for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty"
"for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms"

Financial economics (8)

"for their pioneering work in the theory of financial economics"
"for their pioneering work in the theory of financial economics"
"for their pioneering work in the theory of financial economics"
"for a new method to determine the value of derivatives"
"for a new method to determine the value of derivatives"
"for their empirical analysis of asset prices"
"for their empirical analysis of asset prices"
"for their empirical analysis of asset prices"

Game theory (6)

"for their pioneering analysis of equilibria in the theory of non-cooperative games"
"for their pioneering analysis of equilibria in the theory of non-cooperative games"
"for their pioneering analysis of equilibria in the theory of non-cooperative games"
"for having enhanced our understanding of conflict and cooperation through game-theory analysis"
"for having enhanced our understanding of conflict and cooperation through game-theory analysis"
"for the theory of stable allocations and the practice of market design"

General equilibrium theory (3)

"for their pioneering contributions to general economic equilibrium theory and welfare theory"
"for their pioneering contributions to general economic equilibrium theory and welfare theory"
"for having incorporated new analytical methods into economic theory and for his rigorous reformulation of the theory of general equilibrium"

Industrial organization (1)

"for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation"

Input-Output analysis (1)

"for the development of the input-output method and for its application to important economic problems"

Institutional economics (2)

"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"
"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"

International and regional economics (1)

"for his analysis of trade patterns and location of economic activity"

International economics (2)

"for their pathbreaking contribution to the theory of international trade and international capital movements"
"for their pathbreaking contribution to the theory of international trade and international capital movements"

International macroeconomics (1)

"for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas"

Labor economics (3)

"for their analysis of markets with search frictions"
"for their analysis of markets with search frictions"
"for their analysis of markets with search frictions"

Macroeconometrics (3)

"for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies"
"for their empirical research on cause and effect in the macroeconomy"
"for their empirical research on cause and effect in the macroeconomy"

Macroeconomics (9)

"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"
"for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"
"for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy"
"for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices"
"for his pioneering analyses of saving and of financial markets"
"for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy"
"for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles"
"for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles"
"for his analysis of intertemporal tradeoffs in macroeconomic policy"

Management science (1)

"for his pioneering research into the decision-making process within economic organizations"

Microeconomics (4)

"for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour"
"for having laid the foundations of mechanism design theory"
"for having laid the foundations of mechanism design theory"
"for having laid the foundations of mechanism design theory"

National income accounting (1)

"for having made fundamental contributions to the development of systems of national accounts and hence greatly improved the basis for empirical economic analysis"

Partial and general equilibrium theory (2)

"for the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science"
"for his pioneering contributions to the theory of markets and efficient utilization of resources"

Public finance (1)

"for his development of the contractual and constitutional bases for the theory of economic and political decision-making"

Theory of market institutions (1)

"for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy"

Theory of optimal allocation of resources (2)

"for their contributions to the theory of optimum allocation of resources"
"for their contributions to the theory of optimum allocation of resources"

Welfare economics (1)

"for his contributions to welfare economics"

Welfare theory (2)

"for their pioneering contributions to general economic equilibrium theory and welfare theory"
"for their pioneering contributions to general economic equilibrium theory and welfare theory"