Michael was referring to Robert Mundell, who sits on the summit's advisoryboard and won the 1999 Bank of Sweden Price for Economic sciences in Memory of Alfred Nobel. Often Mistaken for a Nobel Prize, because the Nobel Foundation disingenuously treats it as such in their announcements and on their web site, this award has nothing whatsoever to do with Alfred Nobel, his endowment or his vision. The award is totally politicized, disproportionately awarded to the U of Chicago school, and frequently goes to fringe cranks like Ronald Coase.
The great economist Gunnar Myrdal, who sat on the board of the Bank of Sweden, argued for the prize's abolition. In 1974 Myrdal shared the award with Freidrich Hayek. Basically, Myrdal felt that if ideologue hacks like Freidman and Hayek won the prize it was meaningless.
Nothing against Mundell, but that prize is a load of crap.
Nobel prize winner? (Score:2)
Is Slashdot in the business of granting Nobel prizes now?
No Nobel prize winner at all (Score:2, Informative)
Michael was referring to Robert Mundell, who sits on the summit's advisoryboard and won the 1999 Bank of Sweden Price for Economic sciences in Memory of Alfred Nobel. Often Mistaken for a Nobel Prize, because the Nobel Foundation disingenuously treats it as such in their announcements and on their web site, this award has nothing whatsoever to do with Alfred Nobel, his endowment or his vision. The award is totally politicized, disproportionately awarded to the U of Chicago school, and frequently goes to fringe cranks like Ronald Coase.
The great economist Gunnar Myrdal, who sat on the board of the Bank of Sweden, argued for the prize's abolition. In 1974 Myrdal shared the award with Freidrich Hayek. Basically, Myrdal felt that if ideologue hacks like Freidman and Hayek won the prize it was meaningless.
Nothing against Mundell, but that prize is a load of crap.