Nakahara Prize

DEFINITION of 'Nakahara Prize'

An award issued to a Japanese economist under the age of 45 who has made important contributions to the field of economics. The Nakahara Prize is awarded annually by the Japanese Economic Association and is named after Nobuyuki Nakahara, a former board member of the Bank of Japan.

BREAKING DOWN 'Nakahara Prize'

The Nakahara Prize was first awarded in 1995, and focuses on economists who earn international recognition rather than solely domestic recognition for their work. It is designed to award younger economists, as the maximum age of a winner is set at 45.

RELATED TERMS
  1. Alfred Nobel

    The man after whom the Nobel Prize is named. Nobel, born in 1833 ...
  2. Economist

    An expert who studies the relationship between a society's resources ...
  3. Dismal Science

    A term coined by Scottish writer, essayist and historian Thomas ...
  4. Economics

    A social science that studies how individuals, governments, firms ...
  5. Asian Infrastructure Investment ...

    The Asian Infrastructure Investment Bank (AIIB) is an international ...
  6. Fintech

    Fintech is a portmanteau of financial technology that describes ...
Related Articles
  1. Fundamental Analysis

    How Influential Economists Changed Our History

    Find out how these five groundbreaking thinkers laid our financial foundations.
  2. Options & Futures

    Nobel Winners Are Economic Prizes

    Before you try to profit from their theories, you should learn about the creators themselves.
  3. Economics

    The Uncertainty Of Economics: Exploring The Dismal Science

    Learning about the study of economics can help you understand why you face contradictions in the market.
  4. Economics

    The History Of Economic Thought

    Economics is a vital part of every day life. Discover the major players who shaped its development.
  5. Options & Futures

    Explaining The World Through Macroeconomic Analysis

    From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone.
  6. Chart Advisor

    ChartAdvisor for January 29, 2016

    A weekly technical summary of the major U.S. indexes.
  7. Investing

    2 Opportunities Amid Today’s Market Volatility

    As you prepare your portfolio for the market volatility ahead this year, here are a few investing ideas to consider.
  8. Chart Advisor

    ChartAdvisor for January, 22 2016

    A weekly technical summary of the major U.S. indexes.
  9. Economics

    Adam Smith's Legacy

    Adam Smith popularized many of the ideas that created classical economics.
  10. Mutual Funds & ETFs

    3 ETF Strategies for Growth in Asia for 2016 (EWY, GMF)

    Learn about potential factors and trends that can shape stock market returns in Asia for 2016 and where investors should be looking for returns.
RELATED FAQS
  1. Is Japan an emerging market economy?

    Japan is not an emerging market economy. Emerging market economies are characterized by low per capita incomes, poor infrastructure ... Read Full Answer >>
  2. According to the neoclassical growth theory, what factors influence the growth of ...

    The neoclassical growth theory builds five major variables into its time-sensitive production formula. The first is total ... Read Full Answer >>
  3. What industries are typically considered infant industries?

    Infant industries are those considered vulnerable to established competitors. Some examples of infant industries include ... Read Full Answer >>
  4. How is game theory related to the Nash equilibrium?

    The Nash equilibrium is an important concept in game theory referring to a stable state in a game where no player can gain ... Read Full Answer >>
  5. How can individuals or businesses handle transaction costs for economic externalities?

    Externalities, also known as external economies, and transaction costs are two significant and evolving issues in contemporary ... Read Full Answer >>
  6. What kinds of financial instruments are designated as “Securities” by Cabinet Order?

    In Japan, securities are regulated by the Diet and the Financial Services Agency, or FSA. Rulings about securities come down ... Read Full Answer >>
Hot Definitions
  1. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  2. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  3. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  4. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  5. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
Trading Center