Nobel Memorial Prize in Economic Sciences
The first prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen "for having developed and applied dynamic models for the analysis of economic processes". In 2009, Elinor Ostrom became the first woman awarded the prize.
Lars Pålsson Syll
Pålsson Syll believes in a Post-Keynesian and institutional approach to the study of the economy. This theory, notably advanced by Douglass North and Robert Fogel, emphasizes the importance of efficient institutions in achieving economic growth. He has described both Joseph Schumpeter and John Kenneth Galbraith as "quasi-institutionalists", in the meaning they were "heterodox-economists", influenced by other schools of thought. He is a critical realist and an outspoken opponent of all kinds of social constructivism and postmodern relativism. He has been strongly influenced by John Maynard Keynes. In 2011 he was a strong supporter of Paul Romer to be awarded the Nobel prize for economics for his work on how people really behave in the market.