Category Archives: Nobel Prize
So argues Nassim Taleb. He has a point. It hard to imagine the current crisis without the central role in the mess of Nobel Prize winning economics. And there can’t be much argument against the claim that the Nobel Prize … Continue reading
Gerald O’Driscoll takes a look at Hayek’s “The Pretence of Knowledge”.
Peter Boettke, Lynne Kiesling, Peter Klein, Vernon Smith, David Henderson, Don Boudreaux, and other Hayekian economists are all applauding the award of the Nobel Prize in Economics to Lin Ostrom and Oliver Williamson. Here’s Boettke on Ostrom: We can talk … Continue reading
Only a handful of Nobel Prize winners are as well read in the work of Friedrich Hayek as 2009 winner Oliver Williamson. Note for example the references to Hayek in Williamson’s The Economic Institutions of Capitalism. Williamson is particularly fond … Continue reading
Christopher Swann in Forbes: Far from celebrating those who have ‘conferred the greatest benefit on mankind’ as Alfred Nobel intended, the economics prize has done more harm than good. The prize has fostered a faith in economists that is often … Continue reading
Friedrich Hayek seems to have fully anticipated that one day the Nobel Prize in Economics would be awarded to a mountebank like Paul Krugman. Hayek’s speech at the Nobel Banquet, December 10, 1974: Now that the Nobel Memorial Prize for … Continue reading