economic history or contributions to economics that are commonly applied in economic history. Simon Kuznets won the Nobel Memorial Prize in Economic Sciences ("the Nobel Memorial Prize") in 1971 "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development". John Hicks, whose early writing was on the field of economic history, won the Nobel Memorial Prize in 1972 due to his contributions to general equilibrium theory and welfare theory. Arthur Lewis won the Nobel Memorial Prize in 1979 for his contributions in the field of economic development through historical context. Milton Friedman won the Nobel Memorial Prize in 1976 for "his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy". Robert Fogel and Douglass North won the Nobel Memorial Prize in 1993 for "having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change". Merton Miller, who started his academic career teaching economic history at the LSE, won the Nobel Memorial Prize in 1990 with Harry Markowitz and William F. Sharpe. Notable works of economic history Foundational works Milton Friedman and Anna Schwartz, A Monetary History of the United States, 1867–1960 (1963) Friedrich Hayek, The Road to Serfdom (1944) Karl Marx, Capital: A Critique of Political Economy (1867) Karl Polanyi, The Great Transformation: Origins of Our Time (1944) David Ricardo, On the Principles of Political Economy and Taxation (1817) Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776) General Robert C. Allen, Global Economic History: A Very Short Introduction (2011) Gregory Clark, A Farewell to Alms: A Brief Economic History of the World (2007) Kevin O'Rourke and Ronald Findlay, Power and Plenty: Trade, War, and the World Economy in the Second Millennium (2007) Robert Heilbroner, The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers (1953) Eric Roll, A History of Economic Thought (1923) Ancient economies Moses Finley, The Ancient Economy (1973) Walter Scheidel, The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century (2017) Peter Temin, The Roman Market Economy (2012) Economic growth and development Daron Acemoglu and James A. Robinson, Why Nations Fail: The Origins of Power, Prosperity, and Poverty (2012) Alexander Gerschenkron, Economic