The committee added the laureates believed research should be fun.
But the laureates' efforts have brought them closer to reality.
This list orders the laureates chronologically, from the first to the most recent.
The Laureates have laid the foundation for the current understanding of asset prices.
The laureates will also receive a gold medal in Tokyo on Oct. 25.
In addition to a medal and a diploma, the laureates collectively win a cash prize worth about $1.2 million.
As economists again try to learn from disaster, the laureates' tools will be used by researchers of every stripe.
The laureates from Alfred Tennyson onward have written poems for royal and national occasions as the spirit has moved them.
But it's great to see the laureates choosing some timeless greats like The Railway Children and Just So Stories and introducing them to a new generation of readers – that's what the laureates are all about".
The laureates usually receive their prizes in person, and each presents a lecture in connection with the award ceremonies.
And you can read part of his 1991 critique of the laureates in literature on the Back Issues blog.
