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Since Sweden’s central bank, Sveriges Riksbank, established the Nobel Prize in Economic Sciences in 1968, nine Chicago Booth faculty members have won the award, beginning in 1982 with George Stigler. Three Nobel laureates currently teach on our faculty.

We are proud of our pathbreaking Nobel laureates, each of whom has made profound contributions to the University of Chicago, the field of economics, and the world. Discover more about them below.

George Stigler laughing with two students in a classroom

George J. Stigler

Stigler received the 1982 Nobel Prize in Economic Sciences for his seminal studies of industrial structures, the functioning of markets, and the causes and effects of public regulation.

Merton Miller smiling at a press conference following the Nobel award announcement

Merton H. Miller

Miller won the 1990 Nobel Prize in Economic Sciences for his pioneering work in the theory of financial economics.

Ronald Coase standing in front of a blackboard

Ronald Coase

Coase won the 1991 Nobel Prize in Economic Sciences for his breakthroughs in understanding the institutional structure of the economy.

Gary Becker walking with a student down a hallway

Gary Becker

In 1992, Becker won the Nobel Prize in Economic Sciences for having extended the domain of microeconomic analysis to include a wide range of human behavior and interaction.

Robert Fogel teaching at a blackboard

Robert W. Fogel

Fogel shared his 1993 Nobel Prize in Economic Sciences for having renewed research in economic history by applying economic theory and quantitative methods. 

Myron Scholes speaking at a podium in an auditorium

Myron S. Scholes

Scholes shared the Nobel Prize in Economic Sciences in 1997 with Robert C. Merton for a new method of determining the value of derivatives.

Eugene Fama presenting in front of a projector screen full on numbers

Eugene F. Fama

Fama received the Nobel Prize in Economic Sciences for his groundbreaking research on efficient markets. He shared the prize with Lars Peter Hansen and Robert J. Shiller.

Lars Peter Hansen teaches Advanced Econ in front of a whiteboard

Lars Peter Hansen

Hansen was recognized in 2013 for his work in advancing the understanding of asset prices through empirical analysis.

Richard Thaler presenting at the Chicago Booth Center for Decision Research

Richard H. Thaler

Thaler won the 2017 Nobel Prize in Economic Sciences for his contributions to behavioral economics, a field that emerged to fill the gap between psychology and economics.