Friday, October 12, 2007

My 'Nobel Prize' Suggestion

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel will be announced on Monday.

There’s much angst among the Blogs with the usual suspects predicted to be in the running.

Greg Mankiw, a leading Blogger, Harvard Professor, author of one of (if not the biggest among the) economics textbooks and, according to some quarters, a contender himself, expressed his opinion that the winner(s) should be drawn from those who are most cited by other economists in peer-reviewed journals.

I suppose that such a criterion would weight in favour of an author working on current concern if taken recently or in favour of a long-established economist with 40 years of journal exposure on multiple subjects in his bag.

My own suggested nomination for the past two years has been for Professor Jagdish Bhagwati of Columbia University (NY).

I shall stick with him for this year too (and for next, as I have little confidence in the selection criteria used in the selection process when it comes to academic economists).


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