Economics Nobel Legitimacy

C'mon now, there's no Nobel Prize in economics, only the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ;)

Tell that to the Nobel Foundation:> Not a Nobel Prize> The prize in economic sciences is not a Nobel Prize.https://www.nobelprize.org/nomination/economic-sciences/

And it isn't a Nobel price. It is the "Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel".https://en.m.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econ...

Absolutely.The current title ("Nobel Prize for Economics") is simply false. The official name is "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021", which can be shortened to "Nobel Memorial Prize in Economic Sciences".Note that this is meaningfully and on purpose unlike the Physics or Chemistry prize situation.What's more, even the current name is controversial, seeing as it misappropriates the Nobel name with the

The Nobel committee would disagree: http://www.nobelprize.org/nobel_prizes/Things change. For all intents and purposes, this is a nobel prize in economics, given that the winners are referred to as Nobel laureates by the Nobel committee.If anything, I think we put a bit too much weight in these awards in general which leads to silly articles like this one.This shouldn't nece

Want to briefly hijack this thread to quickly point out that there is no such thing as a Nobel Prize in Economics. Literally a Swiss bank made it upon the 70’s and dubiously said their prize was to “honor Alfred Nobel”. They were very forceful and never backed down from the prize, ultimately winning the PR battle and forcing the real Nobel org to sort-of acknowledge them.They did this to originally award distinctions to conservative economists like Milton Friedman, though today they’re a litt

> But if you still see a huge problem, just get your correct model, back your results with data and enjoy getting the Nobel prize.The "Nobel prize" for economics isn't a real Nobel prize. It was made up to make economists feel better.From Wikipedia:> He explained that "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

>Just because someone's a Nobel Laureate (he's an economist) doesn't mean they're right.https://fivethirtyeight.com/features/the-economics-nobel-isn...

Does that go for the "Nobel" prize in economics as well?

From the first sentence:>LAST week, the Nobel prize in economics was awarded to Jean TiroleThere is no such thing as the Nobel prize in economics. The prize's real name is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. It's not a Nobel prize.