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re: Trump is tweeting about "lightweight thinker" Paul Krugman

Posted on 1/26/20 at 11:20 am to
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29230 posts
Posted on 1/26/20 at 11:20 am to
quote:

I read an article last year that said it's not really a Nobel prize. He won an award with the name Nobel that was not affiliated with the real Nobel prize. IDK, but I've been reading Krugman's predictions for decades and he's always wrong.



Maybe you question where you read it from then. It’s not Nobel in the sense that Alfred Nobel established it, but it is a Nobel prize

LINK

Krugman was awarded the Nobel Memorial Prize in Economic Sciences (informally the Nobel Prize in Economics), the sole recipient for 2008. This prize includes an award of about $1.4 million and was given to Krugman for his work associated with New Trade Theory and the New Economic Geography.[83] In the words of the prize committee, "By having integrated economies of scale into explicit general equilibrium models, Paul Krugman has deepened our understanding of the determinants of trade and the location of economic activity."[84]

LINK

The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics,[2] is an award for outstanding contributions to the field of economics,[3] and generally regarded as the most prestigious award for that field. The award's official name is The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne).[4][5][6]

The prize was established in 1968 by a donation from Sweden's central bank Sveriges Riksbank to the Nobel Foundation to commemorate the bank's 300th anniversary.[3][7][8][9] As it is not one of the prizes that Alfred Nobel established in his will in 1895, it is not technically a Nobel Prize.[10] However, it is administered and referred to along with the Nobel Prizes by the Nobel Foundation.[11] Laureates are announced with the Nobel Prize laureates, and receive the award at the same ceremony.[3]
Posted by Zach
Gizmonic Institute
Member since May 2005
112610 posts
Posted on 1/26/20 at 12:19 pm to
quote:

The prize was established in 1968 by a donation from Sweden's central bank Sveriges Riksbank to the Nobel Foundation to commemorate the bank's 300th anniversary.[3][7][8][9] As it is not one of the prizes that Alfred Nobel established in his will in 1895, it is not technically a Nobel Prize.[10] However, it is administered and referred to along with the Nobel Prizes by the Nobel Foundation.[11] Laureates are announced with the Nobel Prize laureates, and receive the award at the same ceremony.[3]


Thanks. That's what I read.

I've always been skeptical about this stuff because Robt Reich was labeled by the media as an economics prof for a year before someone explained he never was. He lectured in the law school.
This post was edited on 1/26/20 at 12:20 pm
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