Baku: Elm (Science), 2020. 368 pages.

İSBN: 978-9952-523-20-1, ISBN: 978-9949-01-594-8 (hard copy),

ISBN: 978-9949-01-595-5 (soft copy),

UOT 33:330.8:(479.24),

DOI PREFIX: 10.36962/EHNOBECO,

ORCID ID 0000-0001-5447-9676,

JEL Classification Codes: A10, B50, C1, D00, E02, F01, G00, H1, H21, İ00, J30, J8, L2, L50, M2, N00, O1, P00, Q18, R4, Z13.

It is signed in a seal 24.01.2020. Format 60 x 90 ^1/_16. Volume 23,0 pp. Circulation 500.

Published on the basis of joint decisions of scientific councils Union of Economists of Azerbaijan and

Center for Energy Economics of Azerbaijan State University of Economics (UNEC) (Protocol №1, of January 18, 2020).

Scientific advisor:  academician of Azerbaijan National Academy of Sciences

                                                                                                              Z.A.Samedzadeh

Reviewers:             the doctor of economic sciences, professor              M.A.Ahmedov

                               the doctor of economic sciences, professor              V.T.novruzod

                               PhD in economics associate professor                     E.Z.Samedzadeh

The monograph is dedicated to the author's life partner Hajizadeh Simuzar Akif qizi.

The establishment of the Nobel Prize in Economics and the creative work of the laureates in this category over the past 50 years have generally contributed to the formation of a new stage in economic science. In the monograph with the subject analysis and the conceptual justification of achievement of researchers of the postcolonial period in synchronization with results of activity of laureates which essentially improved the maintenance of economic theories and formed new currents and directions in economic science it is necessary to call a stage “Nobel economy”. In addition, the research paper for the first time suggested purposeful to consider the replacement of the term “Nobel laureates in Economics” laconic term “Nobel economists”.

The monograph in the context of new research also presents the genealogy of the Nobel generation and their activities in Azerbaijan and once again proves the fact that Baku oil and the work of Baku oilmen acted as the main element of the source of formation of the Nobel Prize Fund.

Also, the characteristic features of the Nobel prize in terms of negatives and positives were described, funny and odious events turned by historical reality in this sphere were highlighted, the life path of Nobel economists was analyzed in an extensive scientific format, their merits were presented separately and grouped systematically, which, thanks to their scientific discoveries and research motivations, progressed and modernized economic science, increased the quality of life and accelerated the transition to the knowledge economy.

The monograph is intended for students, doctoral students, teachers, researchers, specialists in the field of Economics and, in General, a wide range of readers. One of its aims is also to provide a focused, encyclopedic explanation of the knowledge of the Nobel prize, Nobel Economics and Nobel economists, and to assist in obtaining a professional and qualified review in this field.