The 2026 Nobel Prize in Economic Sciences has been awarded to two American professors. The award honors their research into models of economic stability. Their work builds on microeconomic foundations to explain what keeps an economy steady. The committee treated the findings as a genuine discovery in the field. Models of this kind have long helped economists study shocks and how financial and economic systems absorb them. Unlike the original Nobel categories, the economics prize was established by Sweden's central bank. Both laureates hold university posts in the United States.