🔴 Americans Robert E. Hall and Michael Woodford win Nobel Prize in Economics
Summary
American economists Robert E. Hall and Michael Woodford won the 2026 Nobel Prize in Economics. The prize recognized their work on the microeconomic foundations of macroeconomic stabilization and comes with a reward of about $1.2 million.Key Facts
- The 2026 Nobel Prize in Economics was awarded to Robert E. Hall and Michael Woodford.
- Both winners are economists from the United States.
- They were honored for their research on how small economic decisions (microeconomics) affect the overall economy's stability (macroeconomic stabilization).
- The Nobel Prize in Economics is officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
- The 2026 prize is the last Nobel Prize awarded this year.
- The prize money is 12 million Swedish crowns, which is about $1.2 million.
- The announcement was made by the Royal Swedish Academy of Sciences.
- The Nobel Prizes are internationally recognized awards given in several fields each year.
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