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View Diary: Paul Krugman Did Not Win a Nobel Prize in Economics (146 comments)

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  •  Not to be argumentative, but the link (6+ / 0-)

    Here, seems to say that one of the Nobel Prizes is the "Prize in Economic Sciences". And the organization making that claim happens to be ( is a registered trademark, and is produced, managed and maintained by Nobel Media. Nobel Media AB is a Swedish corporate entity and subsidiary of the Nobel Foundation Rights Association, a non-profit association managing the rights of the Nobel Foundation.
    So maybe Alternet is "accurate" and wrong.
    •  Exactly... (4+ / 0-)
      Recommended by:
      deconite, Bob Love, JimWilson, MGross

      you've hit the objection that I had practically from the moment I started reading this. The economics prize is administered by the Nobel Foundation and awarded by the Swedish Royal Academy of Sciences, just like all the other Nobel Prizes. The money originally came to the Foundation as a donation from Sveriges Riksbank (which is not a private entity but is the Swedish central bank, controlled by the national Riksdag) but once given they had no control over how the prize was and is awarded.

      Alternet does make this sound like a conspiracy to pump up right-wing economists on the behalf of the banksters, but I'm damned if I know exactly how the banksters can manage that when they have never had any control over how the prize is awarded or over the funds that back it. This is only a step above CT and the diarist should have done better research before making accusations that could have been dismissed by a simple search of the Nobel Foundation's own resources.

      As for me, I say that if it's being passed out by the Nobel Foundation according to the same rules and by the same body as the other prizes they award, then the Economics prize properly deserves the name "Nobel Prize" even if it wasn't originally one chosen by old Alfred himself.

      Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat. Sun Tzu The Art of War

      by Stwriley on Sun Apr 14, 2013 at 06:06:26 PM PDT

      [ Parent ]

    •  You and your validation.... (0+ / 0-)


      "Small Businesses Don't Build Levees" - Melissa Harris Perry

      by justmy2 on Sun Apr 14, 2013 at 06:47:02 PM PDT

      [ Parent ]

    •  Let me clarify by reposting what I already wrote (0+ / 0-)


      So, the geniuses at Riksbank, or probably some PR firm, came up with an idea. We'll give out this prize, and with a big fat grant (and allegedly the support of the King of Sweden), we'll get the Noble Committee to let us bundle our prize with the five real Nobel Prizes.

      I hope that by putting certain text in bold, it clears up any confusion.


      •  So you admit is a Nobel Prize? (1+ / 0-)
        Recommended by:

        If the Nobel Foundation (for whatever reason) wishes to grant a Nobel Prize in Basketweaving, well then there is a Nobel Prize in Basketweaving.

        I understand that YOU want to say that the Economic Prize it is not a Nobel, but that really is irrelevant.

        I may want to say that "Diet Coke" isn't really Coke because it doesn't contain cocaine or sugar, but the Coca Cola company gets to determine how its products are branded. Just like the Nobel Foundation gets to determine how its products are branded.

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