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If 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 econ
by mo_42 3y ago
If 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.