It’s Nobel Prize season again. News reports are coming out each day sharing the name of the illustrious winner of the various categories — Science, Literature, etc. But there’s one of the prizes that’s a little different. Well, that’s putting it lightly… you see, the Nobel Prize in Economics is not a real Nobel. It wasn’t created by Alfred Nobel. It’s not even called a “Nobel Prize,” no matter what the press reports say.
There Is No Nobel Prize in Economics
It's awarded by Sweden's central bank, foisted among the five real prizewinners, often to economists for the 1% -- and the surviving Nobel family is strongly against it.
Alternet.org (www.alternet.org)