Nobel Prize: 2016

Alfred Nobel (1833-1896) Established the Nobel Prizes "for the Greatest Benefit to Mankind" Since 1901, the Nobel Prize has been honoring men and women from all corners of the globe for outstanding achievements in physics, chemistry, physiology or medicine, Economics, literature, and for work in peace. The foundations for the prize were laid in 1895 when Alfred Nobel wrote his last will, leaving much of his wealth to the establishment of the Nobel Prize.

2016, Nobel Prize winners are:

Two U.S-based economists, Oliver Hart (U.K) of Harvard University and Bengt Holmstrom (Finland) of MIT have been awarded the 'Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel' for their contributions to contract theory.