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The Nobel Foundation recognizes the economics prize as a Nobel prize. So, yes, it is a Nobel prize because the guys in charge of Nobel prizes say it is. It's a

The Nobel Foundation recognizes the economics prize as a Nobel prize. So, yes, it is a Nobel prize because the guys in charge of Nobel prizes say it is. It's also awarded by the guys who award the other Nobel science prizes (the Royal Swedish Academy of Sciences).

bentona 7y ago
It is my understanding that out of respect for the original establishment of the prize, they haven't amended it as an "official" prize, but have essentially fully adopted it - it's just a matter of economics not being much of a discipline when the prize was originally established, no?
- mercutio2 7y ago
  Oh, it’s more than lack of familiarity. ‘“Nobel despised people who cared more about profits than society's well-being", saying that "There is nothing to indicate that he would have wanted such a prize", and that the association with the Nobel prizes is "a PR coup by economists to improve their reputation".’ [0] I’ve also heard rumors that Nobel had a personal animosity towards certain academic areas because of an affair his wife had with a professor, but I can’t find any good references for that. [0] https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econom...
  - scottlocklin 7y ago
    I'm pretty sure the latter is as you intimate, incorrect[0]. If it was correct, it apparently pertained to Mittag-Leffler, who is a very admirable human (with an amazing mustache) who was unfairly more or less forgotten[1] outside of complex analysis class. The fact that the "economics Nobel" isn't a real one, of course, is indisputable[2]. [0] http://almaz.com/nobel/why_no_math.html http://almaz.com/nobel/why_no_math.html [1] https://en.wikipedia.org/wiki/G%C3%B6sta_Mittag-Leffler https://en.wikipedia.org/wiki/G%C3%B6sta_Mittag-Leffler [2] for example https://www.theguardian.com/commentisfree/2015/oct/11/nobel-prize-economics-not-science-hubris-disaster https://www.theguardian.com/commentisfree/2015/oct/11/nobel-...
Throw_Away_9451 7y ago
According to [1] it is not, even though it is awarded by the same organization. [1]: https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econom...

bentona 7y ago

It is my understanding that out of respect for the original establishment of the prize, they haven't amended it as an "official" prize, but have essentially fully adopted it - it's just a matter of economics not being much of a discipline when the prize was originally established, no?

mercutio2 7y ago
Oh, it’s more than lack of familiarity. ‘“Nobel despised people who cared more about profits than society's well-being", saying that "There is nothing to indicate that he would have wanted such a prize", and that the association with the Nobel prizes is "a PR coup by economists to improve their reputation".’ [0] I’ve also heard rumors that Nobel had a personal animosity towards certain academic areas because of an affair his wife had with a professor, but I can’t find any good references for that. [0] https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econom...
- scottlocklin 7y ago
  I'm pretty sure the latter is as you intimate, incorrect[0]. If it was correct, it apparently pertained to Mittag-Leffler, who is a very admirable human (with an amazing mustache) who was unfairly more or less forgotten[1] outside of complex analysis class. The fact that the "economics Nobel" isn't a real one, of course, is indisputable[2]. [0] http://almaz.com/nobel/why_no_math.html http://almaz.com/nobel/why_no_math.html [1] https://en.wikipedia.org/wiki/G%C3%B6sta_Mittag-Leffler https://en.wikipedia.org/wiki/G%C3%B6sta_Mittag-Leffler [2] for example https://www.theguardian.com/commentisfree/2015/oct/11/nobel-prize-economics-not-science-hubris-disaster https://www.theguardian.com/commentisfree/2015/oct/11/nobel-...

Throw_Away_9451 7y ago

According to [1] it is not, even though it is awarded by the same organization. [1]: https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econom...