Nobel Memorial Prize in Economic Sciences
Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. It was first awarded in 1969 to the Dutch and Norwegian economists Jan Tinbergen and Ragnar Frisch, "for having developed and applied dynamic models for the analysis of economic processes".
Trevor Swan
Swan is widely regarded as the greatest economic theorist that Australia has produced, and as one of the finest economists not to receive a Nobel Memorial Prize in Economic Sciences. There were two independent pioneers of Neoclassical Growth Theory: Robert Solow and Trevor Swan. Solow published "A Contribution to the Theory of Economic Growth" in the February issue of the QJE in 1956, and Trevor Swan published "Economic Growth and Capital Accumulation" in the "Economic Record", subsequent to Solow in December 1956. Swan's contribution has been overshadowed by Solow, who was awarded the Nobel Memorial Prize in 1987 for his contributions to economic growth.