[lbo-talk] Why Economic Nobel winners got more progressive in the 90s?

Michael Pollak mpollak at panix.com
Mon Dec 22 08:37:59 PST 2003


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> From Samuel Brittan's column in Friday's FT. Maybe everyone else knows
about broadening the committee, but it was news to me:

<quote>

On glancing at the book _A Beautiful Mind_ by Silvia Nasar on which the film was based, I came across a fascinating story. The announcement of the 1994 economics prizewinners came 1 1/2 hours late. Ms Nasar discovered there had been an acrimonious discussion beforehand. Some eocnomists needed to be persuaded of the value of the theory of games. The next question raised was wehther Nash had recovered sufficiently to take part in the elaborate prizegiving ceremony. As those watching the film will know, Nash survived this test with flying colours. But by then the debate had moved to its real subject matter. Some members of the Swedish Academy of Science were doubtful that economics was a geniune science.

The aftermath was an inquiry into the future of the prize. It was decided to broaden it into a general prize for social sciences and to bring two non-economists on to the awarding committee. Some changes have been evident.

<unquote>

Michael



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