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".
History of economic thought
In 1962 American economists James M. Buchanan (1919–2013) and Gordon Tullock (1922–2014) published "The Calculus of Consent", which revived Public Choice Theory by differentiating politics (the rules of the game) from public policy (the strategies to adopt within the rules), founding Constitutional Economics, the economic analysis of constitutional law. Buchanan was awarded the 1986 Nobel Economics Prize.