Wednesday, October 04, 2006

A Prize By Any Other Name Smells Just as Sweet

From Jakarta:

“You too can win Noble [sic] Prize in economics” by Kahlil Rowter, Jakarta


You say you want to win the Noble Prize in Economics, and ask me what's involved. Well, first, you have to be alive when the Noble Committee meets to discuss. If dead economists were allowed, we will need to go back to Adam Smith and consider him.

Adam Smith would certainly mistake any current PhD macroeconomics course as a class in mathematics.”

The writer is chief economist, CIMB-GK Securities Indonesia.


From the official website of the Prize:

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to 57 persons since 1969:

2005 - Robert J. Aumann, Thomas C. Schelling
2004 -
Finn E. Kydland, Edward C. Prescott
· 2003 -
Robert F. Engle III, Clive W.J. Granger
· 2002 -
Daniel Kahneman, Vernon L. Smith
· 2001 -
George A. Akerlof, A. Michael Spence, Joseph E. Stiglitz
· 2000 -
James J. Heckman, Daniel L. McFadden
· 1999 -
Robert A. Mundell
· 1998 -
Amartya Sen
· 1997 -
Robert C. Merton, Myron S. Scholes
· 1996 -
James A. Mirrlees, William Vickrey
· 1995 -
Robert E. Lucas Jr.
· 1994 -
John C. Harsanyi, John F. Nash Jr., Reinhard Selten
· 1993 -
Robert W. Fogel, Douglass C. North
· 1992 -
Gary S. Becker
· 1991 -
Ronald H. Coase
· 1990 -
Harry M. Markowitz, Merton H. Miller, William F. Sharpe
· 1989 -
Trygve Haavelmo
· 1988 -
Maurice Allais
· 1987 -
Robert M. Solow
· 1986 -
James M. Buchanan Jr.
· 1985 -
Franco Modigliani
· 1984 -
Richard Stone
· 1983 -
Gerard Debreu
· 1982 -
George J. Stigler
· 1981 -
James Tobin
· 1980 - Lawrence R. Klein
· 1979 -
Theodore W. Schultz, Sir Arthur Lewis
· 1978 -
Herbert A. Simon
· 1977 -
Bertil Ohlin, James E. Meade
· 1976 -
Milton Friedman
· 1975 -
Leonid Vitaliyevich Kantorovich, Tjalling C. Koopmans
· 1974 -
Gunnar Myrdal, Friedrich August von Hayek
· 1973 -
Wassily Leontief
· 1972 -
John R. Hicks, Kenneth J. Arrow
· 1971 -
Simon Kuznets
· 1970 -
Paul A. Samuelson
· 1969 -
Ragnar Frisch, Jan Tinbergen

Comment


My nomination for the 2006 prize is Jagdish N. Bhagwati (Columbia University).

I have hardly seen mention of other ‘nominees’, among them Paul Krugman, but I presume there are many more in the minds of others.

The announcement will be made on 10th October from Sweden, so it is probably too late to influence anything, but not too late to have a few thoughts about who should be in the frame for this year’s prize.

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