Good thinking on the economics Nobel prize

from Greg Mankiw.

Comments

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[Christian]

As you know there is no such thing as a "Nobel Prize in Economics". Alfed Nobel never intented to celebrate economists ! The Bank of Sweden adopted a cuckoo in the nest strategy to capture the Nobel image and make everybody think that all economists are pure scientists. Something Alfred Nobel's family is still furious about.

But as you wrote yourself on May 09, "The differences among economists on globalization cannot be the product of different economic models or different readings of the empirical evidence,..., Instead, these differences seem to be grounded in differences in ethical valuations and political predilections".

I guess it is not only true for globalization but for many other issues as well. And there is also the Carlos Diaz-Alejandro rule (by the way where does it come from?): For almost any particular conclusion you want to arrive at, there is some economic model that will take you there.

Which makes your radical support for the neoclassical technique all the most surprising. Unless, maybe, yes, I understand: aren't you interested by the Bank of Sweden Prize in economics in memory of Alfred Nobel?

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