Nobel Economics Prize 2026: Robert E. Hall and Michael Woodford, prize value, and award timeline

Direct fact

On October 12, 2026, the Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Robert E. Hall of Stanford University and Michael Woodford of Columbia University.

Key specifics

• The Economics Nobel was first awarded in 1969.
• The 2026 prize value was 12 million Swedish kronor, or about $1.2 million.
• The award is formally called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
• It is the only Nobel prize not among the original 5 awards in Alfred Nobel’s 1895 will.
• The prize presentation is scheduled for December 10, Nobel Prize Day, the death anniversary of Alfred Nobel.

Exam lens

Awards and current affairs MCQ focus: 1969 first award, 12 million Swedish kronor, Royal Swedish Academy of Sciences, Stanford University, Columbia University, and the distinction between original Nobel prizes and the economics prize.