Saturday, February 28, 2015

The First Nobel Prize in Economics to Sell at Auction Just Fetched $390,848

The first Nobel Prize medal in economics to ever go up for auction sold for $390,848 Thursday night, according to seller Nate D. Sanders Auctions, reports WSJ.

That’s more than for prizes in physics, but far from the million-plus payouts for prizes for medicine or peace.

The prize had been awarded to the economist Simon Kuznets in 1971 for his work on growth.

Prices for the medals have been skyrocketing in price (Thank you Janet Yellen).

What I would really like to see is a head-to-head auction of Paul Krugman's medal versus that of Friedrich Hayek's.

Hayek would blow Krugman away, and sell for well over a $1,000,000.



  1. Krugman's medal would sell for more because there are a huge number of people that are rich today because governments and central bankers listen to his BS. Hayek fans on the other hand would realize the lack of intrinsic value.


    How would a song about Paul Kurgman go, definitely not like this!