Quick reminder that the "Nobel prize in economics" is not actually a Nobel Prize.
(I didn't know this for a very long time, so this may be news to some people reading this.)
Quick reminder that the "Nobel prize in economics" is not actually a Nobel Prize.
(I didn't know this for a very long time, so this may be news to some people reading this.)
The prize wasn’t included in Alfred Nobel’s will and the funding for it doesn’t come from Nobel’s estate (it’s funded by the central bank of Sweden). However, the prize is administered by the Nobel Foundation and announced on their website.
The official name of the prize is THE SVERIGES RIKSBANK PRIZE IN ECONOMIC SCIENCES IN MEMORY OF ALFRED NOBEL which makes the distinction a bit more clear.
That is interesting to know but I feel that Nobel Memorial Prize in Economic Sciences is a bit long and the distinction is not really that meaningful.
Either the research is good or it isn't.
People keep attacking the price simply because it was not sponsored by Nobel himself as if only that direct connection to him transferred some sense of divine truthfulness to the other Nobel prizes that this one lacks.
. . . I used to teach this to high school sophomores in World History. To whom is this news?
The Nobel Prize is awarded after a lifetime of work, not the latest news.
The 2022 Nobel Prize in physics was awarded for describing the violation of Bell inequalities. The initial experiments were performed in the 80s and the results are "not news" to many current high school physics teachers.
That is not true for the Nobel Prize in Economics, which is not one of the five official Nobel Prizes.
First of all, I assume it was news to them when they got it and now it's news to the rest of us.
Secondly, I'm guessing what you taught did not include the research and the mathematics necessary in order for them to get the hard evidence to prove the thing you taught to high school sophomores.
I'm picturing a math or a science teacher saying something like this and it makes me laugh.
Well no, but what I taught to high school sophomore is--believe it or not--based on the research that academics and specialists have been doing for generations. The same is true for high school science and math teachers, by the way.
Thankfully your attempt to look sophisticated allows me to reiterate my point: this has been heavily researched, documented, and explored for several generations now. It's only news to people who have had the privilege of ignoring colonialism; many of them are in positions of authority or prestige. I'd recommend taking a look at the work of Franz Fanon or Aimee Cesaire to get a sense of how far back this line of thinking and research goes. Read that and I'll pass you some more global academic research on the topic.
It's kind of nice to see formal studies on it though - it might help with aide advocacy.
I'd like that to be true but the reality is the folks in charge will self-congratulate for a moment and then move on to the next "raising awareness" du jour.
Has anybody actually looked at the paper instead of reacting to The Guardian's reaction?
Because as bad as the Nobel Prize Committee is at their job, that doesn't look like something you would find in one.
Thank you.
That was my point to the person above criticizing this.
I don't have the skills to review their work so I'm not going to say it's undeserved. And so far, I don't think anyone else commenting does either.
Good job whitewashing the ethnic Armenian, OP.
I think that comment was aimed more at the Nobel Prize in Economics committee--administered and funded by Sweden's Riksbank--but your point does stand.
A community for discussing events around the World
Rule 1: posts have the following requirements:
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed.
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF OCTOBER 19 2025
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Ask Historians !askhistorians@lemmy.world
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/