And The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel goes to…

We do not know that yet…the announcement will be made Monday, October 15th, 1:00PM CET. BUT, at Thomson Scientific, they believe they can make some predictions. Thomson Scientific’s predictions for the 2007 Nobel Prize in Economics are:

A description of the selection process can be seen here and an explanation of how the Citation Laureates are chosen can be found here.

Thomson Scientific even conducts a poll and it seems that froggie, …oops, I mean Jean Tirole is ahead in the poll.

Here are who I would like to win the Nobel Prize in Economics without any particular order (and do not tell me they won’t get it because they are too young, too old, not nice enough, lack diplomacy, too uncompromising, or whatever…I DO NOT CARE…THEY SHOULD GET IT period!):

  • Armen Alchian and Harold Demsetz "for their contributions to the economics of property rights."
  • Gordon Tullock "for his innumerable contributions to Law & Economics, Public Choice (yes, you are not mistaken, I did write that G.T. should get the NP for his contributions to Public Choice…and not a certain J.B. who got it in 1986), and the Political Economy of Rent-Seeking, concept that he first articulated in his 1967 article entitled: "The Welfare Costs of Tariffs, Monopolies and Theft" (Western Economic Journal, Vol. 5. No. 3. P. 224-232)." What about Anne Krueger? What about her? She should not get the prize for coining the term "Rent-Seeking." Why? Because who cares she coined the term! And, she never mentions Gordon Tullock in her 1974 article "The Political Economy of the Rent-Seeking Society" (American Economic Review, Vol 64, No. 3, pp. 291-303). No further comment.
  • Israel Kirzner "for his contributions to economics of entrepreneurship."
  • Paul Romer "for his contributions to growth theory."
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Published in: on October 3, 2007 at 11:25 pm  Leave a Comment  

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