Nobel Economics Prize 2008 ?

[cyberianpan]

Announcement at 11:00 AM GMT today


cYp

[cyberianpan]

Anyone except Paul Krugman.

Just announced:
Paul Krugman "for his analysis of trade patterns and location of economic activity"

Here's his wikipedia entry

Guess he gets his platform now and he is a savvy media operative...

cYp

[20000miles]

Just announced:
Paul Krugman "for his analysis of trade patterns and location of economic activity"

Here's his wikipedia entry

Guess he gets his platform now and he is a savvy media operative...

cYp

Noooooooooo!!

At least it wasn't the peace prize:

The fact is that war is, in general, expansionary for the economy, at least in the short run. World War II, remember, ended the Great Depression. The $10 billion or so we’re spending each month in Iraq mainly goes to US-produced goods and services, which means that the war is actually supporting demand.

[cyberianpan]

Here's his piece in today's New York Times

Gordon Does Good

Has Gordon Brown, the British prime minister, saved the world financial system?

As I said, we still don’t know whether these moves will work. But policy is, finally, being driven by a clear view of what needs to be done. Which raises the question, why did that clear view have to come from London rather than Washington?
It’s hard to avoid the sense that Mr. Paulson’s initial response was distorted by ideology. Remember, he works for an administration whose philosophy of government can be summed up as “private good, public bad,” which must have made it hard to face up to the need for partial government ownership of the financial sector.
Luckily for the world economy, however, Gordon Brown and his officials are making sense. And they may have shown us the way through this crisis.

Here's his NYT portal page. He is pretty anti McCain , though his previous praise for Clinton will make it hard for him to sway the race.

cYp

[BodyofEvidence]

lol!

I think they could award it to the economists who saw it coming and suggested correct policy. Perhaps politicians might start to listen to them in the future.

While there are lots of people who have shouted "stinking fish", the reality is that the prize, as all of these are, is for a body of work over decades. Taleb is a great guy - but still relatively young for example, and relativley unpublished. Plus, its a prize for economics, not just financial markets.

There are people like Rene Stulz or Andrew Karoli or Shiller who have made far greater, longer lasting more profound and more influential impacts.