What is the official name of the economics award commonly called the Nobel Prize in Economics?

The official name of the award commonly called the Nobel Prize in Economics is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Sveriges Riksbank, Sweden’s central bank, established the prize in 1968 to mark its 300th anniversary. The first award was presented in 1969. Unlike the original Nobel Prizes, the economics award was not specified in Alfred Nobel’s 1895 will.

The Nobel Foundation administers the prize, and the Royal Swedish Academy of Sciences selects the laureates. Winners receive the same style of recognition ceremony as recipients of the original Nobel Prizes, including a medal, diploma, and prize money.

In ordinary speech, newspapers and institutions often shorten the name to the Nobel Prize in Economics or the Nobel Memorial Prize in Economic Sciences. The longer official title is useful because it identifies both the sponsoring institution and the award’s commemorative status.