News
October 10, 2022
Ben Bernanke, Former Princeton Professor and Economics Department Chair, Receives Nobel Prize in Economic Sciences
Ben Bernanke, a Princeton professor of economics and public affairs from 1985 to 2002, chairman of the economics department from 1996 to 2002, and founder of the Bendheim Center for Finance, is among three winners sharing this year’s Nobel Prize in economic sciences.
The Royal Swedish Academy of Sciences awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to Bernanke, Douglas Diamond and Philip Dybvig for significantly improving “our understanding of the role of banks in the economy, particularly during financial crises.” The prize amount is 10 million Swedish kroner, about $900,000, divided among the recipients.
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