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The author seems to imply that there's a Nobel Prize in economics. There is no such prize. There's only: Sveriges Riksbank Prize in Economic Sciences in Memory
by mo_42 3y ago
The author seems to imply that there's a Nobel Prize in economics. There is no such prize. There's only: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
- Kranar 3y agoWhat you mention is the Nobel Prize in economics, it's the same thing. It wasn't one of the original prizes set out in Nobel's will, but it is awarded by the same institution and follows the same procedure. Only an absolute pedant who is looking to argue trivialities would bicker over the name of "Nobel Prize in Economics" vs. "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". [1] https://www.nobelprize.org/prizes/lists/all-prizes-in-economic-sciences/ https://www.nobelprize.org/prizes/lists/all-prizes-in-econom...
- mo_42 3y agoIf you would establish a price and someone would pick up your name for another price, would that make you happy? Alfred Nobel did not establish a price in economics. So IMHO this price should not have his name. Sure, the official name is a bit bulky. We can certainly find something more appropriate.
- Satam 3y agoTesla did not establish electric veichile company and Max Planck did not, in fact, erect a building in my university's square.
- Kranar 3y agoIt's not a random person who picked up the name. Nobel established the various prizes in his will to be administered by certain committees and it is one of those committees that added the prize in economics to be awarded under the same criteria and at the same time as the other prizes. It is definitely notable that that the prize in economics is not one of the original prizes and I would never argue that it is. But acting like there is no strong relationship between the two that one would claim that a Nobel Prize in economics just doesn't exist is I think misguided. There is such a prize, it is not one of the original prizes and does have a different history, but it is strongly related to the other prizes.
- ants_everywhere 3y ago> absolute pedant who is looking to argue trivialities would bicker Well, yes it's a more than a little pedantic, but I think your statement may be too strong. For example, at least one member of the Nobel family has objected to using their name on the prize: > Nobel accuses the awarding institution of misusing his family's name, and states that no member of the Nobel family has ever had the intention of establishing a prize in economics. [from Wikipedia] Also, while it's true that they're administered similarly, it also is true that they are funded from different sources. The Economics prize is funded by the (100% state-owned) central bank of a monarchy. Does that matter? Maybe not, but it's certainly a bit smelly and some of their picks in the past don't seem entirely justifiable solely on academic merit.
- brickteacup 3y ago> Only an absolute pedant who is looking to argue trivialities would bicker over the name of "Nobel Prize in Economics" vs. "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel". well this is HN after all
- cgio 3y agoThere is some value to being pedantic. I did not know this fact about the economics Nobel and now I do.
- abetusk 3y ago"... it is commonly referred to as the Nobel Prize in Economics." [0] [0] https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econom...
- sdfghswe 3y agoakshually....