Skip to main content

The Bank of Sweden prize in memory of Alfred Nobel

Prize will be awarded soon (next Monday). Thomson-Reuters prediction, based on citations, below.

ECONOMIC SCIENCES
Sir Richard Blundell, CBE FBA
Ricardo Professor of Economics, Department of Economics, University College London and Research Director at Institute for Fiscal Studies, London UK
For microeconometric research on labor markets and consumer behavior
John A. List
Homer J. Livingston Professor of Economics, University of Chicago, Chicago, IL USA
For advancing field experiments in economics
Charles F. Manski
Board of Trustees Professor in Economics, Northwestern University, Evanston, IL USA
For his description of partial identification and economic analysis of social interactions
Full list of forecasts here. Other people high on the speculation list are Orley Ashenfelter, Robert Barro, David Card, Peter C. B. Phillips and Paul Romer. I've read someone suggesting Anthony Atkinson, for his work on inequality, since Piketty is a no-no.

PS: Given that the econ 'Nobel' is not a real one, and that we give it to people that say opposite things (e.g. Myrdal and Hayek, Fama and Shiller), there should be a shadow Nobel, with a contrarian for each one given out.

Comments

Popular posts from this blog

A few brief comments on Brexit and the postmortem of the European Union

Another end of the world is possible
There will be a lot of postmortems for the European Union (EU) after Brexit. Many will suggest that this was a victory against the neoliberal policies of the European Union. See, for example, the first three paragraphs of Paul Mason's column here. And it is true, large contingents of working class people, that have suffered with 'free-market' economics, voted for leaving the union. The union, rightly or wrongly, has been seen as undemocratic and responsible for the economics woes of Europe.

The problem is that while it is true that the EU leaders have been part of the problem and have pursued the neoliberal policies within the framework of the union, sometimes with treaties like the Fiscal Compact, it is far from clear that Brexit and the possible demise of the union, if the fever spreads to France, Germany and other countries with their populations demanding their own referenda, will lead to the abandonment of neoliberal policies. Aust…

A brief note on Venezuela and the turn to the right in Latin America

So besides the coup in Brazil (which was all but confirmed by the last revelations, if you had any doubts), and the electoral victory of Macri in Argentina, the crisis in Venezuela is reaching a critical level, and it would not be surprising if the Maduro administration is recalled, even though right now the referendum is not scheduled yet.

The economy in Venezuela has collapsed (GDP has fallen by about 14% or so in the last two years), inflation has accelerated (to three digit levels; 450% or so according to the IMF), there are shortages of essential goods, recurrent energy blackouts, and all of these aggravated by persistent violence. Contrary to what the press suggests, these events are not new or specific to left of center governments. Similar events occurred in the late 1980s, in the infamous Caracazo, when the fall in oil prices caused an external crisis, inflation, and food shortages, which eventually, after the announcement of a neoliberal economic package that included the i…

What is the 'Classical Dichotomy'?