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Oct 12, 2026

What it means to win the Nobel Prize in economics

Stanford's Robert E. Hall and Columbia's Michael Woodford have won this year's Nobel Memorial Prize in Economic Sciences.

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Above, the announcement of the winners of the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel at the Royal Swedish Academy of Sciences in Stockholm on Monday.
Above, the announcement of the winners of the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel at the Royal Swedish Academy of Sciences in Stockholm on Monday.
Jonathan Nackstrand/AFP via Getty Images

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