Which institution awards the Nobel Prize in Economics?

The Royal Swedish Academy of Sciences awards the Nobel Prize in Economics.

The academy selects the laureates for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Its Committee for the Prize in Economic Sciences evaluates nominations and prepares recommendations before the academy makes the final decision.

Sveriges Riksbank created and funds the prize, but it does not select the winners. The Nobel Foundation administers the wider Nobel system and manages prize-related assets, while the Royal Swedish Academy of Sciences is the awarding institution for physics, chemistry, and economics. This division of responsibilities is a common source of confusion because several Swedish institutions are involved in the prize process.