Americans tend to dominate in Nobel Economics
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The winning duo's nationality comes as no surprise following the recent American domination of the economics prize.
The past 10 years' 20 laureates and co-laureates include 17 Americans, of whom two are Israeli-Americans.
Unlike the other Nobel prizes which have been handed out since 1901, the Bank of Sweden's prize for economic sciences in memory of Alfred Nobel – which was not part of Alfred Nobel's will that created the awards – was only given out for the first time in 1969.