The Nobel Prize for economic sciences has been awarded every year since 1969 . The Royal Swedish Academy of Sciences said that Diamond , Mortensen and Pissarides focused on how these frictions apply to unemployment , by focusing on the disconnect between employers and the unemployed . It is worth 10 million Swedish kronor , or about about $ 1.47 million . This year's winner was Joseph Stiglitz of Columbia University in New York City who won the economics prize jointly with Amartya Sen and N. Gregory Mankiw of Harvard University.
The Nobel Prize for economic sciences has been awarded every year since 1969 . It is worth 10 million Swedish kronor , or about about $ 1.47 million . This year's winner was Joseph Stiglitz of Columbia University in New York City who won the economics prize jointly with Amartya Sen and N. Gregory Mankiw of Harvard University.