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Previous laureates include James Tobin Milton Friedman, Paul Krugman and Friedrich August von Hayek Hayek. Award visited Frenchman Jean Tirole of Toulouse's School for his focus on how governments could manage industries from bank. Annual rewards for successes in medication, chemistry, science, peace were recognized inside the will of Alfred Nobel, the Swedish designer of dynamite, who died in 1896. The reward in economical sciences was added by Swedens central bank in 1968.
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