Question

For which area of study in Economics, did Oliver Hart win the Nobel Prize in 2016?
1. Theory of Foreign Trade
2.  Analysis of Economic Growth
3. Study of Inflation
4. Contribution to Contract Theory

Answer 1

Correct Answer - Option 4 : Contribution to Contract Theory

The correct answer is Contribution to Contract Theory.

• Oliver Hart, in full Oliver D'Arcy Hart, (born October 9, 1948, London, England), British-born American economist who, with Bengt Holmström, was awarded the 2016 Nobel Prize for Economics for his contributions to contract theory.
• The Royal Swedish Academy of Sciences
  • It awards the noble prize in Physics, Chemistry.
  • It is an independent organization that aims to promote science and enhance its influence in society.
• Norwegian Noble Committee
  • It awards the Nobel Prize in Peace.
• Karolinska Institute awards the noble prize in medicine.
• Swedish Academy awards the noble prize in literature.
• The Sveriges Riksbank awards the noble prize in Economics.
• Nobel Prize
  • It was started on December 10, 1901, in the honor of Alfred Nobel.
  • It was awarded in the fields of physics, chemistry, medicine, literature, peace, and economics( started in 1968).
  • All Noble Prizes was awarded in Stockholm, Sweden, except Nobel Peace Prize, which was awarded in Oslo, Norway.

• Nobel Prize Winners in 2021

Fields	Winners
Physics	Klaus Hasselmann Syukuro Manabe Giorgio Parisi
Chemistry	Benjamin List David MacMillan
Medicine	Ardem Patapoutian David Julius
Literature	Abdulrazak Gurnah
Peace	Dmitry Muratov Maria Ressa
Economics	Guido Imbens Joshua Angrist David Card