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Topic: Bank of Sweden Prize in Economics


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In the News (Sat 6 Sep 08)

  
 Visioning Brasil 2020 by Hazel Henderson
The 2005 Bank of Sweden Prize in Economics (in Memory of Alfred Nobel) was recently announced.
In 2004, when the Bank of Sweden Prize was awarded to two more economists of the Chicago School, Finn Kydland and Edward Prescott for their 1970 paper (using a lot of fancy mathematics) purporting to prove why central banks should be free of political oversight – many mathematicians finally revolted.
The latest Bank of Sweden prizewinners Aumann and Schelling are masterful researchers of human behavior and many of the games people and institutions play – even though, like economists, they focused mostly on conflict and competition.
www.hazelhenderson.com /editorials/nobel_prizes_bank_of_sweden.html   (1164 words)

  
 Economic Principals
The proper title of the award is the Bank of Sweden Prize in Economics in Memory of Alfred Nobel.
The Economics Prize was established in 1968, and given for the first time the following year (to pioneer econometricians Ragnar Frisch and Jan Tinbergen).
The prize for literature was to be an internal matter among the littérateurs of the Swedish Academy.
www.economicprincipals.com /issues/04.10.10.html   (1516 words)

  
 Nobel Prize in Economics   (Site not responding. Last check: 2007-10-10)
Economics has also been regarded as a non-experimental science, where researchers – as in astronomy or meteorology – have had to rely exclusively on field data, that is, direct observations of the real world.
The first experiments in economics were aimed at testing what is perhaps the most fundamental result in economic theory: under perfect competition, the market price establishes an equilibrium between supply and demand at the level, where the value assigned to a good by a marginal buyer is as high as that of a marginal seller.
Economic theory relies on the assumption that economic agents may be likened to a "homo oeconomicus".
www.ifreeweb.org /2002nobelprize.php   (8263 words)

  
 The Sometimes Dismal Nobel Prize in Economics
The prize was tacked on to the original awards in 1969 as a marketing ploy on behalf of Sweden's central bank.
The name of the economics laureate, for example, is engraved on the edge of the golden medal instead of on the front as is done with those of the other laureates.
In recent years, administrators of the economics prize have taken to joking that "all the mighty firs have fallen; now there are only bushes left" - implying that economics is so shallow a subject that every truly deserving candidate has already won the prize and only second-rate contenders remain.
www.unifr.ch /econophysics/comments/13PRIZ.html   (1154 words)

  
 Beautiful Mind, Ugly Deception:
Against this taken-for-granted 'fact', I am arguing here that this prize does not exist: and moreover, that this so-called 'Nobel prize' is an extraordinary case study in the successful transformation of economic capital into symbolic capital, a transformation which greatly inflates the symbolic power of the discipline of Economics in the public mind.
This is a socio-logical consequence of the fact that the legitimacy bestowed by the Nobel prize is rapidly put to use in the public space to voice ideas that the winner would not have dared to submit were he or she a 'simple scientist'.
Though the effect of scarcity applies to the value of economic as well as symbolic capital, the credibility of the Foundation may already be affected by association with the Bank of Sweden and the economists.
www.unifr.ch /econophysics/new/Beautiful_Mind.html   (1583 words)

  
 Economists as Advocates
Since the 2004 Nobel Prize awards, there has been increasingly public brouhaha around demands by scientists that the Bank of Sweden Prize in Economic Science in Memory of Alfred Nobel be clearly differentiated from the Nobel awards.
They were buttressed by their claims that economics with its increasing use of mathematical models, had matured into a science, matching the feats of natural sciences since Newton and Darwin in discovering the laws of nature.
In 1969 the Bank of Sweden put up $1 million (US) to create a prize to confer scientific status and legitimacy on the academic discipline and policy advocacy of the economics profession.
www.awakenedwoman.com /henderson_advocates.htm   (1010 words)

  
 Message To Students
Economic ideas and principles are used by world leaders and corporate executives to make decisions that change the course of human history.
This is the main reason that the Bank of Sweden awards a Nobel Prize each year to economists who have significantly contributed ideas to the science.
The Nobel Prize for Economics (http://nobelprize.org/nobel_prizes/economics/laureates) The Bank of Sweden Prize in Economics Sciences is the world's most prestigious award for contributions to the field of economics.
www.worldgameofeconomics.com /MessageToStudents.htm   (1249 words)

  
 Post-Autistic Economics Network and Post-Autistic Economics Review   (Site not responding. Last check: 2007-10-10)
Economics is now so sick that even members of its inter-sanctum publicly admit it.
But in contemporary mainstream economics, the tools are often in the driver's seat, declaring evident facts impossible and reducing the subtleties of the real world to whatever clockwork economists best know how to build.
Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world.
www.paecon.net   (3197 words)

  
 Kydland, Prescott win Economics Nobel
The 2004 Nobel Prize for Economics was jointly won by Finn E Kydland (right) of Norway and Edward C Prescott (left) of the United States on Monday.
The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 2004 is also referred to as the Economics Nobel.
The Bank of Sweden (Sveriges Riksbank) Prize in Economic Sciences in Memory of Alfred Nobel was first awarded to Ragnar Frisch and Jan Tinbergen in 1969 for their development and application of dynamic models in the analysis of economic processes.
www.rediff.com /money/2004/oct/11nobel.htm   (288 words)

  
 Nobel Prize: Economics History   (Site not responding. Last check: 2007-10-10)
Economics was added to the list of prize categories in 1968.
The Bank of Sweden (Sveriges Riksbank) instituted this prize and named it the Bank of Sweden Prize in Economic Sciences, in memory of Alfred Nobel.
The prize was released in time for the bank’s tercentenary (or 300’s anniversary) celebrations.
library.thinkquest.org /TQ0313040/eco.html   (50 words)

  
 George Akerlof a Winner of 2001 Nobel Prize in Economics
George A. Akerlof, an economics professor at the University of California, Berkeley, was named the 2001 co-winner of the Nobel Prize in economic sciences today (10/10/01).
Since joining UC Berkeley’s economics department in the College of Letters and Science as an assistant professor in 1966, Akerlof has been recognized for his research that borrows from sociology, psychology, anthropology and other fields to determine economic influences and outcomes.
UC Berkeley colleague and fellow Nobelist McFadden said Akerlof’s receipt of the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel resulted from what amounted to a revolution in the understanding of what makes markets work, a revolution that was led by Akerlof.
www.berkeley.edu /news/features/2001/nobel   (1264 words)

  
 [No title]
The economics prize, worth $1.3 million this year, is the only award not established in the will of Swedish industrialist Alfred Nobel, the inventor of dynamite.
The medicine, physics, chemistry, literature and peace prizes were first awarded in 1901, while the economics prize was set up separately by the Swedish central bank in 1968.
James J. Heckman obtained the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 2000.
www.lycos.com /info/alfred-nobel--sweden-prize.html?page=4   (311 words)

  
 Federal Reserve Bank of Minneapolis - The Region - The Beauty (Pageant?) of Economics (September 1999)   (Site not responding. Last check: 2007-10-10)
The award for economics came almost 70 years later—bootstrapped to the Nobel in 1968 as a bit of a marketing ploy to celebrate the Bank of Sweden's 300th anniversary.
The Prize in Economics also happens to be experiencing some of the same growing pains as the profession itself.
Meanwhile, economics is classified with other “soft” social sciences at the Academy, which have struggled within the larger scientific community to attain the reputation of their “harder” peers (also a matter of considerable debate among economists and scientists in other fields).
woodrow.mpls.frb.fed.us /pubs/region/99-09/nobel.cfm?js=0   (2762 words)

  
 Nobel Memorial Prizes in Economics
In 1969, the Swedish central bank (Sveriges Riskbank) established a prize known as the "Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel", which is commonly shortened to the Nobel Memorial Prize.
However, it is precisely because of the erratic and disproportionate "impact" the Bank of Sweden's choice has upon the profession and the shape of subsequent economics research that many have called for an end to the Nobel Memorial Prize.
The Bank of Sweden's Nobel Memorial prize for economics is announced around October 12th of every year, while the actual ceremony (shared with the original Nobel awards) is on December 8th.
cepa.newschool.edu /het/schools/nobel.htm   (2149 words)

  
 Einstein Institute of Mathematics, The Hebrew University - About the Institute: Prizes
Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (Nobel Prize in Economic Sciences)
The Erwin Plein Nemmers Prize in economics and the Frederic Esser Nemmers Prize in mathematics
The prize is named for Niels Henrik Abel, to mark the occasion of the 200th anniversary of his birth.
www.ma.huji.ac.il /info/prize.html   (613 words)

  
 RMC: The Prize
A prize for Economics was later instituted in Nobel’s memory by the Bank of Sweden.
The Division of Rare and Manuscript Collections of the Cornell University Library is pleased to announce an exhibit, "The Prize: The Nobel Laureates of Cornell," to celebrate Cornell’s 1996 Nobel Laureates, David M. Lee and Robert C. Richardson.
Cornellians have won eleven prizes in physics, five in chemistry, five in medicine, three in literature, one in economics, and one peace prize.
rmc.library.cornell.edu /exhibits/info/prize.htm   (296 words)

  
 Milton Friedman!?
I was on the economic advisory committee for Richard Nixon along with Milton Friedman; I debated him about a dozen time over the years from 1960 to 1980 and I had contact with him more than once at the White House.
The first Nobel Memorial Prize in Economic Science was awarded in 1969, funded by the central bank of Sweden.
There is such a thing as a "Bank of Sweden Prize in Economics in Memory of Alfred Nobel" which is distinct and separate from the Nobel Prizes founded by Alfred Nobel in 1901.
www.rinfret.com /mf.html   (1156 words)

  
 CNN - Briton, American win Nobel economics prize
STOCKHOLM, Sweden (CNN) -- Briton James Mirrlees and William Vickrey, a naturalized American, were awarded the 1996 Nobel Prize for economics on October 8.
For example, a bank does not know a borrower's future income, and an auctioneer does not have complete information about a potential buyer's willingness to pay.
The $1.12 million prize was the third of the six Nobels announced this year.
www.cnn.com /EVENTS/1996/nobel.prize/economics.html   (326 words)

  
 lowercase liberty
Unless you hail from Sweden, you probably never heard of a guy by the name of Gunnar Myrdal.
And from this fund, monetary awards are divvied up each year to recognize five different fields of inquiry, none of which is Economics.
He even got the Bank of Sweden - the world's oldest central bank -- to finance this new award, in Honor of Alfred Nobel (note: the Nobel trust fund is privately managed).
www.bkmarcus.com /blog/2006/08/nobel-prize-in-what-now.html   (594 words)

  
 The Leiter Reports: Editorials, News, Updates: Cause and Effect Archives   (Site not responding. Last check: 2007-10-10)
Last year, of course, the Nobel Prize for economics went to Daniel Kahneman, now at Princeton (but who did most of the work cited during his long tenures elsewhere), and Vernon Smith, now at George Mason University (but who did most of the work cited during his long tenure at the University of Arizona).
And without a doubt, the field of economics has gotten a lot of mileage out of the fact that it is the only social science field in which there is a Nobel Prize, which puts economics right alongside real sciences like physics and chemistry.
Economics have attained no independently substantiated insight into their domain to rival the biologists' understanding of macroevolution and its underlying mechanism of adaptation and heredity."
webapp.utexas.edu /blogs/archives/bleiter/cat_cause_and_effect.html   (1599 words)

  
 Welcome to Umesh_Dawson's World Economic Resources
The prizes reward specific discoveries or breakthroughs, and the impact of these on the discipline.
The Economics prize is made on the basis of nominations from selected economists, a recommendation from the Prize Committee to the social science class of the Academy and a secret ballot of the full Academy.
, The Bank of Sweden Prize in Economics Sciences is the world's most prestigious award for contributions to the field of economics.
members.tripod.com /umesh_dawson/Html_Files/Economist3.htm   (1545 words)

  
 Calcutta Online - October 15, 1998 news paper   (Site not responding. Last check: 2007-10-10)
Similarly, the question of entitlement of human beings in insulation of economically weaker section of multi-structural societies is a unique contribution of the latest addition to the list of Nobel laureates in economic sciences.
Bank chairman claimed that the present credit deposit ration of the bank is nearly 70%.
Unemployment and economic deprivation are the root cause of unrest.
www.netguruindia.com /news/oct98/n151098.html   (6078 words)

  
 The Leiter Reports: Editorials, News, Updates: Yet More on the Nobel Prize in Economics   (Site not responding. Last check: 2007-10-10)
Yet More on the Nobel Prize in Economics
"I was surprised to learn that, strictly speaking, there really is not a Nobel Prize in Economics.
The prize was created by the Bank of Sweden in 1968, long after the other prizes were endowed (in 1901).
webapp.utexas.edu /blogs/archives/bleiter/000332.html   (92 words)

  
 The Trademark Blog: Nobel Prize in Economics Awarded To Dilution Researcher
Prize in Economic Sciences in Memory of Alfred Nobel 2005
has decided that the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2005, is to be awarded to:
Panjandrum-Lipshitz, is the first quantum physicist to be awarded the prize in Economics.
www.schwimmerlegal.com /2005/04/nobel_prize_in.html   (189 words)

  
 Columbia News ::: Joseph Stiglitz Wins Nobel Prize for Economics: Third Economist to Win Prize in Six Years
Columbia University Professor Joseph Stiglitz was awarded the Nobel Prize in Economics on Wednesday (10-10-01) by the Royal Swedish Academy of Sciences.
Officially named the Bank of Sweden Prize in Economic Sciences, Stiglitz won the award with George Akerlof of the University of California, Berkeley and A. Michael Spence of Stanford University.
The late William S. Vickrey was awarded the Nobel Prize in economics in 1996 and Robert Mundell received the prize three years later.
www.columbia.edu /cu/news/01/10/josephStiglitz_nobel_2001.html   (962 words)

  
 The 2005 Nobel Prize for Economics | MetaFilter
October 10, 2005 7:53 AM The 2005 Nobel Prize for economics goes to Robert J. Aumann and Thomas C. Schelling.
People who carp about the Economics prize as not "really a Nobel Prize" usually turn out to be embittered lefties angry that the winners of the prize are almost always figures with insights to offer they happen to find ideologically disagreable.
The Economics prize is every bit as exclusive as the others, and the prestige attached to it at least as thoroughly deserved as that given to those other two members of the stable usually bestowed on people who like to bash "capitalism" in their free time.
www.metafilter.com /comments.mefi/45758   (1593 words)

  
 American Edmund Phelps Wins Nobel Prize for Economics
The Bank of Sweden established the economics prize in 1968 in memory of the founder of the Nobel Prizes, Swedish philanthropist Alfred Nobel.
The chemistry prize went to American Roger Kornberg for carrying on his father's studies of how cells copy genetic information to be used by the body.
John Mather and George Smoot of the United States won the physics prize for their work exploring the earliest days of the universe, and the origin of galaxies and stars.
www.voanews.com /english/2006-10-09-voa25.cfm   (314 words)

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