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The entire intention of the mentioning of the "Nobel winning Economist" is to convey an authority that doesn't exist. I feel anybody relying on this should also

The entire intention of the mentioning of the "Nobel winning Economist" is to convey an authority that doesn't exist. I feel anybody relying on this should also have it pointed out that such implied authority is false.

detaro 7y ago
The "authority" of the money originally coming from a different source? Because according to the wikipedia article you linked, that's the main difference.
- hndamien 7y ago
  The authority coming from the Nobel name, which the money is co-opting. "The interest is to be divided into five equal parts and distributed as follows: one part to the person who made the most important discovery or invention in the field of physics; one part to the person who made the most important chemical discovery or improvement; one part to the person who made the most important discovery within the domain of physiology or medicine; one part to the person who, in the field of literature, produced the most outstanding work in an idealistic direction; and one part to the person who has done the most or best to advance fellowship among nations, the abolition or reduction of standing armies, and the establishment and promotion of peace congresses. The prizes for physics and chemistry are to be awarded by the Swedish Academy of Sciences; that for physiological or medical achievements by the Karolinska Institute in Stockholm; that for literature by the Academy in Stockholm; and that for champions of peace by a committee of five persons to be selected by the Norwegian Storting. It is my express wish that when awarding the prizes, no consideration be given to nationality, but that the prize be awarded to the worthiest person, whether or not they are Scandinavian."
  - Gibbon1 7y ago
    Tells you a lot about economists that they made themselves a fake Nobel Prize.
perl4ever 7y ago
What authority is inherently vested by having invented dynamite and wanting to be remembered as something other than a "merchant of death"? Obviously this is not just about pedantry for its own sake; this is about attacking economics as an illegitimate pseudoscience. But right or wrong, it's still not in any way making a novel statement or argument about anything. A lot of people think economics, economists, and central banks suck. This is common knowledge. It's utterly useless to debate whether a broad field of study is supported by "authority". If there were a Nobel prize in climatology, would it have any impact on a reasonable person's assessment of the legitimacy of climate science or their attitude towards global warming? Of course not.

detaro 7y ago

The "authority" of the money originally coming from a different source? Because according to the wikipedia article you linked, that's the main difference.

hndamien 7y ago
The authority coming from the Nobel name, which the money is co-opting. "The interest is to be divided into five equal parts and distributed as follows: one part to the person who made the most important discovery or invention in the field of physics; one part to the person who made the most important chemical discovery or improvement; one part to the person who made the most important discovery within the domain of physiology or medicine; one part to the person who, in the field of literature, produced the most outstanding work in an idealistic direction; and one part to the person who has done the most or best to advance fellowship among nations, the abolition or reduction of standing armies, and the establishment and promotion of peace congresses. The prizes for physics and chemistry are to be awarded by the Swedish Academy of Sciences; that for physiological or medical achievements by the Karolinska Institute in Stockholm; that for literature by the Academy in Stockholm; and that for champions of peace by a committee of five persons to be selected by the Norwegian Storting. It is my express wish that when awarding the prizes, no consideration be given to nationality, but that the prize be awarded to the worthiest person, whether or not they are Scandinavian."
- Gibbon1 7y ago
  Tells you a lot about economists that they made themselves a fake Nobel Prize.

perl4ever 7y ago

What authority is inherently vested by having invented dynamite and wanting to be remembered as something other than a "merchant of death"? Obviously this is not just about pedantry for its own sake; this is about attacking economics as an illegitimate pseudoscience. But right or wrong, it's still not in any way making a novel statement or argument about anything. A lot of people think economics, economists, and central banks suck. This is common knowledge. It's utterly useless to debate whether a broad field of study is supported by "authority". If there were a Nobel prize in climatology, would it have any impact on a reasonable person's assessment of the legitimacy of climate science or their attitude towards global warming? Of course not.