The Nobel Effin Prize in Economics

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We all have pet peeves, and I’m afraid one of mine is people who insist on pointing out every year that the Nobel Prize in Economics isn’t really a Nobel Prize.  It’s actually the Sveriges Riksbank Prize in Economic Science in Honor of Alfred Nobel, it wasn’t part of Nobel’s original will, it’s a party-crasher that was tacked on a mere 40 years ago, blah blah blah.

Come on, people.  It’s awarded by Royal Swedish Academy of Sciences, just like the Physics and Chemistry prizes.  It follows the same rules as the other prizes.  The Nobel Foundation bought into the idea and lists it on their website along with all the other prizes.  (Yes, it’s carefully referred to only as a “Prize,” not  a “Nobel Prize,” but still.)  And it’s presented on the anniversary of Alfred Nobel’s death at the same awards ceremony as all the others.  Don’t believe me?  Here’s Nobel Prize winner Paul Krugman at the awards ceremony last year right alongside all the “real” winners.  Hell, Krugman even looks a little bit like Alfred Nobel.

So it’s a Nobel Prize.  End of micro-rant.  You may now continue with your previously scheduled Columbus Day festivities.

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Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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