"Nobel" prize in Econ.

Michael Cohen mike at cns.bu.edu
Sat Oct 10 15:55:11 PDT 1998


Brad De Long wrote:


> >That would certainly be fun, but the Economics prize is funded by some
> >Swiss bank(s), isn't it? I mean, it's not a *real* Nobel Prize, is
> >it? Alfred didn't set it up and I don't believe his legacy pays for
> >it.
> >I'm not sure which Bank it is but maybe the Bank is feeling a Credit

Crunch because of LTCM. After all one of the Swiss banks took a 938 million one time hit from LTCM losses. Oh well, maybe we will have to get Bill Gates to re fund the Nobel Committee.

--mike -- Michael Cohen mike at cns.bu.edu Work: 677 Beacon, Street, Rm313 Boston, Mass 02115 Home: 25 Stearns Rd, #3 Brookline, Mass 02146 Tel-Work: 617-353-9484 Tel-Home:617-734-8828 Tel-FAX:617-353-7755



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