Readers & Thinkers: The 2009 Nobel Prize in Economics. Make or Buy?
Dear All: Well, who won? The Nobel prize for economic sciences for 2009 was announced today, October 12, 2009. It went to two people Oliver Williamson and Elinor Ostrom. Williamson is 77 years old, born in Superior, Wisconsin and Professor at UC Berkeley. He obtained his BS from MIT and his Ph.D. in economics from Carnegie Mellon University. Ostrom is 76 years old, born in Los Angeles, CA and Professor at Indiana University. She obtained her BA and Ph.D. in political science from UCLA. Oliver Williamson was my 2nd pick for this year’s...
read moreReaders & Thinkers: The 2009 Nobel Prize in Economics. Prediction
Dear All: The 2009 Nobel prize for economics will be announced on Monday, October 12, 2009. Background For those who are new on my Readers & Thinkers list, I have been following the Nobel prize in economics for many years now for the fun of it. I also like to keep many people, who normally don’t think about economics and its contributions, informed. Last Year’s Winner Last year, the prize was given to Paul Krugman for “for his analysis of trade patterns and location of economic activity”. Who will win in 2009? Disclaimer: I...
read moreReaders & Thinkers: The 2008 Nobel Prize in Economics. Not Enough Variety
Dear All: Well, who won? The Nobel prize for economic sciences for 2008 was announced today, October 13, 2008. It went to Paul Krugman for his work in international trade theory and economic geography. Paul Krugman was one of my Ph.D. advisors at MIT. I even published a paper in the theory of economic geography, a field for which he won the prize. Krugman is 55 years old. He obtained his BA from Yale University and his Ph.D. from MIT. He is currently a professor at Princeton University. He won the prestigious Clarke Medal in 1991, which is...
read moreReaders & Thinkers: The 2008 Nobel Prize in Economics. Prediction
Dear All: The 2008 Nobel prize for economic sciences will be announced on Monday, October 13, 2008. Background For those who are new on my Readers & Thinkers list, I have been predicting and following the Nobel prize in economics for many years now for the fun of it. I also like to keep many people, who normally don’t think about economics and its contributions, informed. Last Year’s Winner Last year, the prize was given to Leonid Hurwicz, Eric S. Maskin, and Roger B. Myerson for “for having laid the foundations of mechanism design...
read moreReaders & Thinkers: The 2007 Nobel Prize in Economics. Redesigning the Nobel Committee
Dear All: Well, who won? The Nobel prize for economic sciences for 2007 was announced today, October 15, 2007. It went to three people: Leonid Hurwicz, Eric S. Maskin, and Roger B. Myerson. Hurwicz is 90 years old, born in Moscow, Russia and Prof. at University of Minnesota. His education is from Poland. Maskin is 56 years old and was born in New York City and is at the Institute for Advanced Studies at Princeton. He obtained his BA and Ph.D. from Harvard University in applied mathematics. Myerson is 56 years old and was born...
read moreReaders & Thinkers: The 2007 Nobel Prize in Economics. Prediction
Dear All: The 2007 Nobel prize for economic sciences will be announced on Monday, October 15, 2007. Background For those who are new on my Readers & Thinkers list, I have been predicting the Nobel prize for many years now and very luckily have been right in the great majority of years (that is, either my 1 or 2 pick has almost always been right). In fact, this has made me think I should stop sending these emails, since my performance can only go down from here. Last Year’s Winner Last year, the prize was given to Ed Phelps (my second...
read moreReaders & Thinkers: The 2006 Nobel Prize in Economics. Unemployment is bad; unemployment with hyperinflation is worse.
Dear All: The Nobel prize for economic sciences for 2006 was announced today, October 9, 2006. It went to Ed Phelps. I had guessed Phelps for my second choice. In previous years, my first or second choice has usually won the Nobel (with the exception of last year). Ed Phelps was born in 1933 in Illinois. He obtained his BA from Amherst College in 1955 and his Ph.D. from Yale University in 1959. He has been a professor at Yale University, MIT, and at Columbia University ever since 1982. So what did this 73-year old man do that makes him so...
read moreReaders & Thinkers: The 2006 Nobel Prize in Economics. Prediction
Dear All: The Nobel prize for economic sciences for 2006 will be announced on Monday, October 9, 2006. I take a personal enjoyment in guessing who might win the Nobel prize each year. I also enjoy reminding people of the Nobel in economics, since it’s great to recognize significant achievement in any endeavor. Last year, the prize was a surprise to all. Even game theorists had to scurry through the library to find out what Aumann had published. And some people did not know that Schelling was a game theorist. Some people also thought that the...
read moreReaders & Thinkers: The 2005 Nobel Prize in Economics. What Game is the Nobel Committee Playing?
Dear All: WHO? Robert Aumann and Thomas Schelling “for having enhanced our understanding of conflict and cooperation through game-theory analysis” I completely guessed incorrectly this year. In fact, it’s the first year that the candidates were not even on my list. I guess it shows how hard it is to predict the Nobel prize in economics. WHY? I believe the award of the Nobel prize was motivated more by “politics” this year than any Nobel prize in economics previously awarded in economics. It was specifically related to the objection of the war...
read moreReaders & Thinkers: The 2005 Nobel Prize in Economics. Prediction
Dear All: The Nobel prize for economic sciences for 2005 will be announce on Monday, October 10, 2005. I take a personal enjoyment in guessing who might win the Nobel prize each year. I also enjoy reminding people of the Nobel in economics, since it’s great to recognize significant achievement in any endeavor. In previous years, I felt that I had a pretty good idea of who would win, however this year I am actually quite confused. Nevertheless, I will take you through my predictions for this year and years to come. I believe that the Nobel...
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