The Nobel Memorial Prize in Economic Science is set to be announced on PRIZE IN Monday. The contenders include Jean Tirole, Bengt Holmstrom, Oliver Hart, Robert Barro, Paul Romer, Avinash Dixit, Angus Deaton, Lars Peter Hansen, NOBELECONOMICS William Baumol, Robert Shiller, Richard Thaler, Andrei Shleifer, William Nordhaus, Douglas Diamond, Alan Krueger, David Card, Joshua Angrist, Jerry THE LAUREATES Hausman and Eugene Fama. A look at the winners through the last 10 years

2012 2011 Alvin E Roth LLOYD S SHAPLEY Born: 18 December, 1951, US Born: 2 June, 1923, US Affiliation at the time of Affiliation at the time the award: Harvard of the award: University, Cambridge, MA, University of USA, Harvard Business California, Los School, Boston, MA, USA Angeles, CA, US For the theory of stable allocations and the practice of market design Thomas J Sargent 2010 2009 Born: 1943, US Affiliation at the time of the Elinor Ostrom Peter A Diamond award: New York University, Born: 29 April, 1940, US Born: 7 August, 1933, US New York, NY, US Affiliation at the Affiliation at the time of the award: Christopher A Sims time of the Indiana University, Bloomington, IN, award: US, Arizona State University, Tempe, Born: 1942, US Massachusetts AZ, US Affiliation at the Institute of For her analysis of economic governance, especially the commons time of the Technology award: (MIT), Cambridge, Oliver E Williamson Princeton MA, US Born: 27 September, 1932, US University, Affiliation at the time of the award: Princeton, NJ, Dale T Mortensen University of California, Berkeley, CA, US US Born: 2 February, 1939, US For his analysis of economic governance, For their empirical research on cause especially the boundaries of the firm and effect in the macroeconomy

2008 2007 Paul Krugman Leonid Hurwicz Born: 28 February, 1953, US Born: 21 August, 1917, Affiliation at the time of the Affiliation at the time of the Moscow, Russia award: Northwestern award: Princeton Affiliation at the time University, Evanston, IL, US, University, Princeton, of the award: University Aarhus University, Aarhus, NJ, US of Minnesota, Denmark Minneapolis, MN, US For his analysis of trade patterns and location of Christopher A Pissarides economic activity Eric S Maskin Born: 20 February, 1948, Born: 12 December, 1950, US Cyprus 2006 Affiliation at the time of the Affiliation at the award: Institute for Advanced time of the Edmund S Phelps Study, Princeton, NJ, US award: London School of Born: 26 July, 1933, US Roger B Myerson Economics and Affiliation at the time of Born: 29 March, 1951, Political Science, the award: Columbia Boston, MA, USA London, United University, New York, Affiliation at the time of Kingdom NY, US the award: University of For their analysis of markets with For his analysis of intertemporal tradeoffs in Chicago, Chicago, IL, US search frictions macroeconomic policy For laying the foundations of mechanism design theory

2005 2004 Robert J Aumann Thomas C Schelling Born: 8 June, 1930, Born: 14 April, 1921, US Germany Affiliation at the time of the Affiliation at the time award: University of of the award: Maryland, Department of University of Economics and School of Jerusalem, Center for RationalityHebrew, Public Policy, College Jerusalem, Israel Park, MD, US Finn E Kydland For having enhanced the understanding of conflict and cooperation through game-theory analysis Born: 1 December, 1943, Norway Affiliation at the time of the 2003 2002 award: Carnegie Mellon Robert F Engle III Daniel Kahneman University, Pittsburgh, PA, US, (Israel/US) University of California, Santa Born: 10 Nov, 1942, US Barbara, CA, US Affiliation at the time of Born: 5 Mar, 1934, Israel the award: New York Affiliation at the time of the Edward C Prescott University, New York, award: Princeton University, Born: 26 December, 1940, US NY, US Princeton, NJ, US Affiliation at the time For methods of analysing economic time series For having integrated insights from psychological of the award: with time-varying volatility (ARCH) research into economic science, especially Arizona State concerning human judgment and decision- University, Clive W J Granger making under uncertainty Tempe, AZ, US, Born: 4 Sep, 1934, UK Federal Reserve Vernon L Smith Bank of Affiliation at the Born: 1 Jan, 1927, US Minneapolis, time of the award: Affiliation at the time of Minneapolis, University of the award: George MN, US California, San Diego, Mason University, CA, US Fairfax, VA, US For their contributions to dynamic For establishing laboratory macroeconomics: the time consistency For methods of analysing economic time series experiments as a tool in empirical economic analysis, of economic policy and the driving with common trends (cointegration) especially for alternative market mechanisms forces behind business cycles

Photos: Reuters and Bloomberg Sources: Nobelprize.org/NYT