Nobel Prize in Economic Sciences: The Role of Financial Studies

Starting from 1969, the Royal Swedish Academy of Sciences has become responsible for selecting Nobel laureates in Economic Sciences. In these 50 years 81 academics have been awarded with the Nobel Prize in Economic Sciences; in this framework, the Royal Swedish Academy gave prizes to pure economists, finance experts and scholars investigating topics in between economics and finance. This paper first explains and describes quick facts about this important Prize and its origin, then analyses awarded fields and literature research done about this special topic. The core part of the paper investigates the choices of the Royal Swedish Academy, with a special focus on the financial theories awarded, in order to highlight the contributions of the academics awarded with the Nobel Prize to the development of the most accredited financial theories and practices.