Sunday, October 10, 2010

Scouting the Field of Economics-Nobel Candidates

Writing for the Globe and Mail, Barrie McKenna runs down Nobel hopefuls in economics. The announcement will be made Monday, October 11.
OTTAWA - They’re overwhelmingly male, American, and their work has probably touched your life in some way, though you may not know it.

That’s the way it is with the Nobel Prize in economic sciences, slated to be awarded Monday. Only one woman has ever won the prize since it was first awarded in 1969. And roughly 70 per cent of past laureates are either American, or dual citizens of the U.S. and another country. Three are Canadian-born – William Vickrey, Myron Scholes and Robert Mundell.

The Nobel Foundation’s six-member economic prize committee keeps close guard on its list of candidates for the prize, worth 10 million Swedish kroner (about $1.5-million). But bloggers, odds-makers and pundits eagerly fill the void with their best guesses. A New Zealand-based online futures dealer (www.ipredict.co.nz) rates British-born Harvard economist Oliver Hart, University of Chicago behavioural economist Richard Thaler and Yale real estate guru Robert Shiller among the top favourites.

Here’s a look at several worthy choices, and the work they do . . . . (More)
Speaking for myself and what I would like to happen--not what I predict will happen--I would love to see any of Jagdash Bhagwati, Robert Barro, or Paul Romer garner a win.

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