In the spirit of the Nobel season, Yasha Levine discusses the history of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel as a PR gimmick for laissez-faire economics, and how its existence is an affront to the Nobel legacy.
posted by clarknova on Oct 26, 2012 - 26 comments

As a reaction towards the financial crisis the Real-World Economics Review will award the Dynamite Prize in Economics to the three economists who contributed most to blowing up the global economy. The Real-World Economic Review is the central organ of the movement for Post-Autistic Economics which is critical about the current mainstream in economics — in particular microeconomics and neoclassical theorists. [more inside]
posted by jfricke on Feb 4, 2010 - 52 comments

Surprise, surprise. It's a girl - for the first time. Elinor Ostrom ("for her analysis of economic governance, especially the commons") and Oliver E. Williamson ("for his analysis of economic governance, especially the boundaries of the firm") have won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009.
posted by jfricke on Oct 12, 2009 - 42 comments

In 1976, a young Bangladeshi economics professor named Muhammad Yunus founded Grameen Bank to implement microcredit — lending small sums to the very poorest members of society. Today, he and his bank share the Nobel Peace prize. Grameen, a profit-making company with social objectives, has lent $5.3bn to 6.4m people. 97% of borrowers are women, as Yunus believes [video] "men will do whatever they could to enjoy for themselves personally [but] women looked at it for the children, for the family and for the future."
posted by matthewr on Oct 13, 2006 - 24 comments

Co-winner of the Nobel prize in economics Robert Aumann of the Hebrew University of Jerusalem gave a very interesting interview about how he became interested in economics, math, and the "topology of bagels." How he applied logic from the Talmud to bankruptcy and other economic events was described nicely at Slate here.
posted by Adamchik on Oct 21, 2005 - 4 comments

The 2005 Nobel Prize for economics goes to Robert J. Aumann and Thomas C. Schelling. Marginal Revolution has a wonderful set of posts that link to various related resources, like a summary of Aumann's work or Schelling's views on global warming.
posted by daksya on Oct 10, 2005 - 17 comments

Nobel Prize Market - trading is now over; at least we can see if the economics market outperforms the others.
posted by MzB on Oct 10, 2004 - 1 comment

The Nash equilibrium
So at the present time I seem to be thinking rationally again in the style that is characteristic of scientists. However this is not entirely a matter of joy as if someone returned from physical disability to good physical health. One aspect of this is that rationality of thought imposes a limit on a person's concept of his relation to the cosmos....from John F. Nash Jr.'s autobiography for the 1994 Nobel Prize for Economics.
posted by riley370 on Dec 12, 2001 - 8 comments

Recognising "Renegage Economics"? Joseph Stiglitz, who was famously cast into the wilderness by the IMF and World Bank, walked off with a share of this year's Nobel Prize for Economics, for his work on the asymmetric benefits of unrestricted "open markets": in short, the way that promoting "free trade" favours the developed nations over the developing. A calculated fuck-you to the neo-liberal mainstream, or a recognition that the critique of globalisation extends well beyond street protesters?
posted by holgate on Oct 10, 2001 - 8 comments