There’s No Such Thing As A Nobel Prize In Economics, And It’s a Good Thing Too

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What’s more, there never has been a Nobel laureate in economics. There’s an international economics prize instituted by the Bank of Sweden starting in 1968 and awarded by the Royal Swedish Academy of Sciences. But it’s not an official “Nobel Prize” as the Nobel Prize committee’s website makes perfectly clear. The official name is the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
But that sort of technicality shouldn’t stop us from asking: who’s on the shortlist this year for the SRPESIMOAN? (We’re pronouncing it the “Sir-Pessy-Moan”). The award will be handed out this week, so its time to start assembling shortlists. The first list we’ve come across is from the Unknown Professor at the Financial Rounds blog. He puts his chips on Eugene Fama of the University of Chicago “for his earlier work on market efficiency (and later work on size and market-book effects which seem to contradict his earlier work). If he gets the nod, there's a good chance that his coauthor Kenneth French would share it with him.”
His second bet is another University of Chicago professor, Richard Thaler, a leading light in behavorial economics.
So who is on your shortlist for the Sir-Pressy-Moan? Leave a nomination in comments.
Who are My Picks For the Nobel Prize in Economics [Financial Rounds]

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