Friday, October 11, 2013

Monday Is Nobel Prize in Economics Day

The only four now living and worthy of the prize are (in alphabetical order):

Walter Block for his study of how private roads, blackmailing, pimp-hooker relationships and similar politically incorrect businesses would operate in a free market.

Robert Higgs for his work on the The Great Depression, the interaction of crisis and leviathan, and regime uncertainty.

Hans-Hermann Hoppe for his work on democratic forms of government, specifically the economic ramifications of democracy.

Israel Kirzner for his work on entrepreneurship.


8 comments:

  1. I haven't read any of Kirzners work but I'm sure it's good. Out of the other three, it's a tough choice but I'll vote for Higgs.

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  2. What about Jerry Wolfgang, for his examination of how debt--most notably government bonds payable--is actually an asset rather than a liability to the issuer? Or perhaps for his keen insight that an increase in competition allows suppliers to dictate greater demand?

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    1. That's actually not too far off the mark. The eventual awardee's views are likely to more closely resemble those of JW than any of Bob's more deserving nominees.

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  4. My choice is one of these:
    Jesus Huerta de Soto, Jeffrey Miron, Allan Meltzer, Thomas Sowell, Steve Horwitz, Arthur Laffer, Pascal Salin, Mark Skousen, Peter Boettke, Alberto Alesina.

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    1. Jesus HdSoto is a great choice. But as pointed out, since it is an award presented BY the central banks, no Austrian will EVER win it.

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    2. Hayek was a great austrian economist and won the nobel prize in 1974

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  5. For the umpteenth time, there is no Nobel Prize in Economics. There is only the Swedish Central Bank Prize in Economic Sciences in Memory of Alfred Nobel. When you explicitly point out that the prize is awarded by a central bank, the whole thing is exposed as the colossal joke that it is. This prize should be ridiculed, instead of expressing indignation about why no Austrian economists are being nominated.

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