The BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management has gone in this fifteenth edition to Timothy J. Besley (London School of Economics), Torsten Persson (Institute of International Economic Studies, Stockholm University) and Guido Tabellini (Bocconi University,) for "illuminating the connections between the economic and political worlds" and "transforming the field of political economy," in the words of the committee’s citation. The three awardees, together with the late Alberto Alesina (Harvard University), have employed both theoretical and empirical tools to examine "how political institutions and processes shape economic policies and outcomes on one hand, and how economic factors shape political institutions on the other," contributing decisively to shape the field of modern political economy.

The BBVA Foundation Frontiers of Knowledge Awards recognise and reward contributions of singular impact in physics and chemistry, mathematics, biology and biomedicine, technology, environmental sciences, economics, social sciences, the humanities and music. The goal of the awards, established in 2008, is to celebrate and promote the value of knowledge as a public good without frontiers, the best instrument to take on the great global challenges of our time and expand the worldviews of individuals for the benefit of all humanity. Their eight categories address the knowledge map of the 21st century.

Read more on the BBVA Foundation Frontiers of Knowledge website.