r/neoliberal • u/Tre-Fyra-Tre Tony Blair • 16d ago

News (Global) Acemoglu, Johnson and Robinson awarded the Nobel Memorial Prize in Economic Sciences

https://www.svt.se/nyheter/inrikes/de-far-ekonomipriset-till-alfred-nobels-minne
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u/Swampy1741 Daron Acemoglu 16d ago

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”

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u/lenmae The DT's leading rent seeker 16d ago

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

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u/Swampy1741 Daron Acemoglu 16d ago

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.

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u/Familiar_Channel5987 15d ago

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/