Actually, the “Nobel Prize”

December 2025 Forums Off topic Awards in Economics – the Dismal Science? Actually, the “Nobel Prize”

#88074
ALB
Keymaster

Actually, the “Nobel Prize” for Economics is not a real Nobel Prize as it was not provided for in the will of Alfred Nobel (who died in 1896). It was started by the Bank of Sweden in 1968 and seems to be awarded to whoever happens to have put forward the economic theory that is the flavour of the moment. So, when Keynesianism was in it went to one of them. When Monetarism was in one of them got it. I don’t know who gets it today but someone who knows nothing about economics seems appropriate.