The Nobel Prize in Economic Sciences was established in 1968 by Sweden's central bank. The first Nobel Prize in Economic Sciences was awarded in 1969. Since then, 41 prizes have been awarded each year, with some shared between two or three laureates. A total of 64 individuals have received the prize. The youngest laureate was 51-year-old Kenneth J. Arrow in 1972, while the oldest was 90-year-old Leonid Hurwicz in 2007. There have been no multiple individual laureates. Elinor Ostrom was the first female laureate.
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