His blog entry today: “A funny thing happened to me this morning …”
Well done, Dr. K!
He did not win the Nobel prize. He won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
This is an issue that pisses me off. There is no such thing as a Nobel Prize in Economics.
I don’t like him either, but that’s by the by.
Whatever, dude. Everybody’s been calling it the Nobel in Economics as long as I can remember. This is the first time in all those decades that I can recall hearing anybody get purist like this about it.
In other words, he won the Nobel Memorial Prize in Economic Sciences.
Word play is fun.
I guess my point is that this prize has nothing to do with the real Nobel prizes.
It would be like if I awarded myself General of the British Empire or The Legion de tres onerable.
Does he get the $10 million, like the other prize recipients get? Just curious.
Yes, it’s exactly the same. :rolleyes: Putz.
Ok, fine, it would be as if I awarded someone deserving the GBE.
Would you like a GBE?
He can’t have it, he’s American. I, on the other hand, am a loyal Commonwealth citizen.
Two points:
[ol]
[li]You’re absolutely correct about the prize not, strictly speaking, being a Nobel Prize.[/li][li]No one else cares.[/li][/ol]
Obviously completely unrelated.
Insults are not allowed outside the Pit. Please do not do this again.
It certainly wouldn’t be inappropriate to note that while I think this prize is deserved for his work in economics, I think a lot of people are crowing today because they like Krugman for wholly unconnected reasons, namely his political commentary, which was not recognized for any award at all.
I detest Krugman as a political commentator, and think this commentary detracts from his overall body of work - but I’ll offer him congratulations for that which is his due.
My bad, I forgot. Er, I forgot that I wasn’t in the Pit, not that insults are only allowed in the Pit.
But it’s not 10 million dollars, it’s 10 million Swedish kronor. At the current rate of about 7:1, its about $1.4 million.
Demonstrably false. I also care. 
Anyway, I think it’s just wrong. It’s attributing Nobel’s name to a prize he had nothing to do with. It’s not even funded by Nobel.
Talk about a semantic nitpick.
It’s true that the economic prize was not one of the original 5 established by Nobel’s will. But the prize is listed on the Nobel Prize website (it is called the Prize in Economics), and the winner is chosen in a manner virtually identical to all the other Nobel Prizes, according to the Nobel Prize’s own website:
It wasn’t in his will, and Adam Smith had died well over a century before Nobel so it’s not as if he would have wanted an economics prize had he been aware that the field existed.
It’s a bleeding disgrace.