Nobel Prize in Economic Sciences Will Be Announced
The Royal Swedish Academy of Sciences will reveal the 2026 award recipient on October 12.
Updated on Oct. 12, 2026 in Economics — General
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The Nobel Prize in Economic Sciences is scheduled to be announced on October 12, 2026, serving as the final Nobel award of the annual cycle. This prize recognizes significant contributions to the field and is managed by the Royal Swedish Academy of Sciences.
Why it matters
The award honors research that often shapes how we understand complex economic systems and decision-making. Established by the Sveriges Riksbank in 1969 to commemorate its 300th anniversary, the prize highlights developments that can influence global economic policy and financial theory.
The prize is awarded by the Royal Swedish Academy of Sciences, with up to three laureates sharing the funding provided by the Sveriges Riksbank. Nominee identities are kept secret for 50 years to protect the integrity of the selection process.
The players
The Royal Swedish Academy of Sciences
The institution responsible for selecting Nobel laureates and maintaining the integrity of the award process.
The Sveriges Riksbank
The central bank of Sweden that funds the economics prize and established the award to mark its 300th anniversary.
Susan Athey
A prominent economist who received the John Bates Clark Medal in 2007 for her work in the field.
Ariel Pakes
An economist who co-developed a model for estimating consumer product choice and the impact of mergers on pricing.
The details
The prize money is allocated based on the specific individual contributions of the selected laureates. The economics award was added significantly later than the original Nobel Prizes, which began in 1901. Research in this field often involves complex modeling of consumer behavior and market impacts, such as the work of experts like Ariel Pakes or past award recipients like Susan Athey.
Timeline
1895: Alfred Nobel signed his will.
1901: The first Nobel Prizes were awarded.
1969: The economics prize was established by the Sveriges Riksbank.
2007: Susan Athey received the John Bates Clark Medal.
October 12, 2026: The Nobel Prize in Economic Sciences announcement is scheduled.
Money Landscape
The 2026 announcement follows a tradition established by the 1901 inaugural Nobel Prizes. The economics prize serves as a later addition to the original awards, created nearly seven decades later to reflect the evolving importance of the discipline in global finance.
While the prize is academic, the research recognized often influences future economic policies, tax strategies, and financial regulations. Households may see these theories eventually impact how financial institutions offer products or how governments manage national fiscal conditions.
The takeaway
The Nobel Prize in Economic Sciences recognizes contributions that shift our understanding of market forces and consumer behavior. Pay attention to the prize announcement on October 12, 2026, as the winning research often indicates the future direction of mainstream economic policy.
What happens next
The formal announcement of the Nobel Prize in Economic Sciences will occur on October 12, 2026, at 6:45 p.m. Korean time.
Further reading
For broader trends in economic theory, visit our Economics — General section.
Source note: This article includes information reported by 조선일보.
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