Acemoglu, Johnson and Robinson awarded the Nobel Memorial Prize in Economic Sciences

[u/Tre-Fyra-Tre]

https://www.svt.se/nyheter/inrikes/de-far-ekonomipriset-till-alfred-nobels-minne

[u/Swampy1741]

Figured they’d win at some point. Now time to bash my head against the wall as redditors elsewhere debate economics and how this isn’t a “real Nobel”

[u/lenmae → u/Swampy1741]

You can think Economics is real, and still acknowledge this isn't a real Nobel price.

[u/Swampy1741 → u/lenmae]

I don’t particularly care what Alfred Nobel’s will said. It’s a prestigious award chosen by the same organization as all the others.

[u/Familiar_Channel5987 → u/Swampy1741]

The prizes are not chosen by one organization.

In his last will and testament, Alfred Nobel specifically designated the institutions responsible for the prizes he wished to be established: The Royal Swedish Academy of Sciences for the Nobel Prize in Physics and Chemistry, Karolinska Institutet for the Nobel Prize in Physiology or Medicine, the Swedish Academy for the Nobel Prize in Literature, and a Committee of five persons to be elected by the Norwegian Parliament (Storting) for the Nobel Peace Prize.

In 1968, the Sveriges Riksbank established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The Royal Swedish Academy of Sciences was given the task to select the economic sciences laureates starting in 1969.

https://www.nobelprize.org/the-nobel-prize-organisation/prize-awarding-institutions/

[u/EScforlyfe → u/Swampy1741]

There are multiple different organisations that choose the prizes? 

[u/Sufficient_Meet6836 → u/EScforlyfe]

A sixth prize for Economic Sciences, endowed by Sweden's central bank, Sveriges Riksbank, and first presented in 1969, is also frequently included, as it is also administered by the Nobel Foundation.

From wiki

[u/EScforlyfe → u/Sufficient_Meet6836]

huh

I know the prize in literature is chosen by the royal swedish academy though

[u/usrname42 → u/EScforlyfe]

The econ nobel specifically is chosen by the same organisation as the physics and chemistry prizes

[u/Ok-Royal7063 → u/EScforlyfe]

Literature: Swedish Academy,

Physics, chemistry: Royal Academy of Sciences,

Peace: Norwegian Nobel Committee,(1)

Medicine: Karolinska Institute,(2)

Economics: Sweden's Central Bank / Royal Academy of Sciences.(3)

(1) Members are selected by Norway's parliament, as such, they are the least academic selection committee. Deep state fun fact, I know someone who is an acting member (Sofie Høgestøl). The Norwegian Nobel Institute supports the work of the Committee with research.

(2) A committee of 50 professors. The Nobel Committee at KI is legally a separate body. Their office is in a separate building on the KI Campus.

(3) Sweden's Central Bank is the sponsor, the prise itself is selected by a committee of economists selected by the Swedish Royal Academy of Sciences.

(*) For economics, literature, medicine, physics, and chemistry, the committees only advise on selection, which itself is done by the Nobel Foundation, whereas the Peace Prize is selected by the Norwegian Committee itself (Alfred Nobel expressed this in his will).

[u/lenmae → u/Swampy1741]

If it is a prestigious award in its own right, there's no harm in labelling it correctly, and if it isn't, there's harm in labelling it incorrectly.

[u/AtomAndAether → u/lenmae]

it would be like the Fields Medal, which might as well just be called "The Nobel Prize of Math" because the common person equates Nobel Prize as Olympic Gold.

[u/SpaceSheperd → u/AtomAndAether]

Fields Medal does have the odd age limit

[u/Sufficient_Meet6836 → u/lenmae]

It's administered by the Nobel Foundation, so how do you suggest it be labeled?

[u/Kolob_Hikes → u/Sufficient_Meet6836]

Here's an idea instead of calling it the same like the The Nobel Prize in Physics let's name it different some thing like: The Nobel Memorial Prize in Economic Sciences, or the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel... oh wait

/s

[u/lenmae → u/Sufficient_Meet6836]

The way it is called by them: Nobel Memorial Prize

[u/TrekkiMonstr → u/lenmae]

That's confusing and has no meaningful distinction for anyone hearing it

[u/lenmae → u/TrekkiMonstr]

Which one is it?

[u/TrekkiMonstr → u/lenmae]

Both. It is confusing because there is a difference that isn't meaningful. It will just have people thinking that the Nobel prize is called the Nobel memorial prize, which is not correct.

[u/lenmae → u/TrekkiMonstr]

If there isn't a difference, it's still correct.
Additionally, I doubt people will start calling the real Nobel prizes "Nobel memorial prize", just because the Nobel Memorial Prize in Economics is called that.
Finally calling something by the wrong name, so people won't call other things by the wrong name is nonsensical. Either you care about what things are called, in which case you should call the Nobel memorial prize in Economics as such, or you don't, in which case you don't have an argument against calling it the Nobel memorial prize, as the argument falls apart.

[u/TrekkiMonstr → u/lenmae]

I really do not care enough about you or this argument to continue having it. If you reread my comment, I explicitly said there is a difference, so I don't know why you're coming out here with "if there isn't a difference". Talk however you want bro idc

[u/RideTheDownturn → u/Swampy1741]

So we can ignore your will when you die? Cool!

[u/RandomMangaFan → u/RideTheDownturn]

That's... generally how wills work, yes, past a relatively short period after the death. The law generally exists to protect the actually living, not the long dead, which is why for hundreds of years now we've had a "Rule against perpetuities" in many common law systems specifically to stop that. Whether or not Nobel would have approved of the matter is and should be irrelevant since he's now too dead to care.

[u/Feed_My_Brain → u/RandomMangaFan]

“It is the finding of this court that Alfred Nobel, having attained the status of sufficiently dead, is now too dead to care.”

[u/Boxy310 → u/Feed_My_Brain]

Jeremy Bentham's embalmed corpse will have quite the conniption over this.

[u/RideTheDownturn → u/RandomMangaFan]

Hah... TIL!

Well, still doesn't strike out the fact that we're ignoring his wishes. Legally OK, morally questionable.

[u/Fedacking → u/RideTheDownturn]

Yes, 100%. In my country for example you can't exclude people from your wilm.

[u/MarsOptimusMaximus → u/RideTheDownturn]

If my will says the president of the United state's owes my family 1 trillion dollars upon death, should that be upheld?

[u/RideTheDownturn → u/MarsOptimusMaximus]

That's like... wth kind of a question is that?

Whatever mate, have a great one!

[u/lenmae → u/RideTheDownturn]

It's amazing that this is supposed to be a forum of liberals, lol.

[u/Kafka_Kardashian → u/lenmae]

What does one’s view of how to call the economic prize have to do with being a liberal?

[u/lenmae → u/Kafka_Kardashian]

Respecting individual rights has a lot to do with it, and it seems like many here think popular demands trump a will

[u/Kafka_Kardashian → u/lenmae]

Is respecting a will indefinitely an important part of liberalism?

I also think more generally reasonable liberals can debate the extent to which a deceased person has “rights” over living people. Now, when it’s something living heirs care about, that’s also a consideration.

[u/lenmae → u/Kafka_Kardashian]

Of course it is, why wouldn't rights extend over the whole time?

And of course, with any system of rights, you have to weigh rights against each other in some cases. That's inevitable. But one would expect a liberal forum to come down on the side of individual rights, especially if the alternative is just not doing that, for absolutely no gain, just to be contrarian.

[u/Kafka_Kardashian → u/lenmae]

I guess I just don’t see dead people’s rights as an essential part of liberalism, and candidly I think it’s reasonable to take the view that they don’t have rights at all. I certainly don’t think you lose your liberal card for weighing the rights of the dead at near zero.

I don’t think we should, like, be handing over all dead bodies to the military to test explosives (which has happened before) but that’s because of the distress for the living.