Friday, September 26, 2014

Economics Nobel Prize

Here's the case for Tony Atkinson. An excellent economist, but not really Ken Arrow material... then again, who is? I doubt he'll get it.

If it were up to me, I'd go for a three-way split between Sam Bowles, Herb Gintis, and John Roemer. These guys have kept Marxian economics alive, against all odds, through sheer creativity, brilliance, and relevance. Each has repudiated the master in his own way, whether by way of evolutionary or ethical theory, or libertarianism. Each has enriched the discipline of economics at the edges, like Marx himself. And as Piketty proves, Marxian themes are ripe for a comeback.

Banerjee and Duflo are the other obvious choices to me, but it's unseemly to give the prize to someone 10 years younger than the all-time youngest recipient. That would be Professor Arrow, of course.

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