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https://en.wikipedia.org/wiki/List_of_Nobel_Memorial_Prize_laureates_in_Economic_Sciences https://en.wikipedia.org/wiki/List_of_Nobel_Memorial_Prize_l...

• throwup238 1y ago
  Nobel _Memorial_ Prize in Economic Sciences That’s not a Nobel Prize.
  • bee_rider 1y ago
    If that’s the distinction, it would have been helpful for the original comment to note that they were just sharing some silly trivia instead of making a point.
    • dooglius 1y ago
      It's not a silly piece of trivia, it's a completely different thing than what people think of as the "Nobel Prize", which is the set of prizes established by Nobel's will, not an unrelated prize named after him to leech off the prestige associated with his name.
      • AIPedant 1y ago
        The reason people correctly view this as silly trivia is that it's hardly an "unrelated prize." The Nobel Foundation administers the Economics prize in the same manner as all the others, and the awards are given at the same ceremony. You are making it sound like it's entirely separate when it's not. I don't think the Nobel Foundation was trying to "leech off the prestige associated with his name." AFAICT your take exists entirely to delegitimize economics as a science. Very childish and frustrating.
        • palmotea 1y ago
          >> It's not a silly piece of trivia, it's a completely different thing than what people think of as the "Nobel Prize", which is the set of prizes established by Nobel's will, not an unrelated prize named after him to leech off the prestige associated with his name. > AFAICT your take exists entirely to delegitimize economics as a science. Very childish and frustrating. You know, real sciences don't need shiny medallions to make them legitimate. I'd say your comment delegitimizes economics more than the GP's.
      • tokai 1y ago
        The price was created, and is given, by the Nobel Foundation, which was set up by Nobel's will to carry out his last wish. If you go to the official page of the Nobel Prize the Prize in Economic Sciences is listed with the other Nobel Prizes. Its not one of the original Nobel Prizes, but claiming its a completely different thing is not true.
        • elktown 1y ago
          The price was created by Sweden's central bank, not the Nobel foundation. It's true that it's now considered a Nobel prize proper for most, but that's not to say that it originally wasn't the economics field leeching on the scientific prestige of Nobel. To be honest, it feels pretty on-brand for it. And fwiw, in Swedish, it's almost always clearly distinguished with a "in memory of Nobel" or similar in the surrounding context.
          • tokai 1y ago
            No it was funded by Swedens central Bank. They provide to money for the prize to the Nobel foundation. Step it up if you want to be pedantic please.
            • elktown 1y ago
              1. It was set up during the Central bank's 300-year anniversary. 2. Without the central banks establishment of the perpetual funding there's no prize. Your argument is purely semantic and ofc snarky like your entire comment history. 3. You can read the story about it here in Swedish: https://sidea.se/nobelkuppen/ https://sidea.se/nobelkuppen/ (The Nobel coup)
      • bee_rider 1y ago
        The way they presented the information, it is a silly bit of trivia. If there wanted to make some sort of argument about prestige or whatever, they could have made it. Dropping hints of some niche rabbit hole issue is not making a good-faith argument.
    • belter 1y ago
      The comment means remember 1974. Cough cough Hayek... cough... Samuelson...
      • bee_rider 1y ago
        What are we afraid of summoning Voldemort or something here? Just say whatever you are coughing at, lol.
        • tough 1y ago
          he was a decade early
        • belter 1y ago
          The so called "Nobel Prize in Economics" wasn’t created by Nobel himself, a scientist and engineer, but by a grant from the Swedish Central Bank. The actual money for prize every year is not paid from the Nobel foundation funds, is paid by the endowment created by the bank. It pays the Nobel Foundation administrative expenses and the monetary component. Its basically economists trying to launder their way into science by proximity. Like Astrology lobbying to get a physics badge. So as example in 1974, they awarded the prize to Friedrich Hayek and Gunnar Myrdal. Two economists whose views could not be more opposed. That is like awarding the Physics Nobel jointly to someone who says “objects fall down” and another who insists “objects fall up.” Or honoring two chemists, one who says “water freezes at 0°C” and the other who claims it freezes at 5°C. And if you say that would never happen, because physics has actual empirical standards then yes, exactly. You get the point. Even Paul Samuelson, a 1970 economy nobel laureate and actual champion of applying mathematical methods to economics, dismissed Hayek’s most famous work. Which, intentionally or not, remains the most accurate definition of economics I’ve ever seen: A discipline where ideology often outweighs evidence and both sides get prizes.