Economic History - Nobel Prize Winning Economic Historians

Nobel Prize Winning Economic Historians

  • Milton Friedman won the Nobel Memorial Prize in Economic Sciences in 1976 for "his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy".
  • Robert Fogel and Douglass North won the Nobel in 1993 for "having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change".
  • Merton Miller, who started his academic career teaching economic history at the LSE, won the Nobel in 1990 with Harry Markowitz and William Sharpe.

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    Parents can fail to cheer your successes as wildly as you expected, pointing out that you are sharing your Nobel Prize with a couple of other people, or that your Oscar was for supporting actress, not really for a starring role. More subtly, they can cheer your successes too wildly, forcing you into the awkward realization that your achievement of merely graduating or getting the promotion did not warrant the fireworks and brass band.
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    Parents can fail to cheer your successes as wildly as you expected, pointing out that you are sharing your Nobel Prize with a couple of other people, or that your Oscar was for supporting actress, not really for a starring role. More subtly, they can cheer your successes too wildly, forcing you into the awkward realization that your achievement of merely graduating or getting the promotion did not warrant the fireworks and brass band.
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    Far and away the best prize that life offers is the chance to work hard at work worth doing.
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