Recipients of prize in economics in memory of Alfred Nobel to be announced in Stockholm
- Nobel family openly hates the economics prize, calling it a total betrayal of Alfred's will.
- The award is a 1968 invention of Sweden's central bank, not the original Nobel vision.
- Clarivate 'experts' are already leaking their guesses for who gets the prestige-by-proxy.
- Nobel descendants insist the economics award be kept strictly separate from the real deal.
Brief Summary
The annual ritual of giving an 'economic prize' in Nobel's name is back, despite the fact that Alfred Nobel himself couldn't stand economists and specifically left them out of his will. The Swedish central bank slapped their own trophy onto the prestigious brand in 1968, and they have been riding the coattails ever since. The Nobel family continues to distance themselves from the charade, noting it flies in the face of the inventor's actual wishes.
Why This Matters
While the ivory tower elite treat this as the pinnacle of intellectual achievement, it serves as a reminder of how legacy and branding can be manufactured to grant authority to specific schools of thought. For you, this means watching central banks and academic institutions pat themselves on the back for 'theories' that often fail to predict or fix the economic realities you face daily. It is a closed-loop system of prestige that influences policy and academic funding, even if the prize itself is little more than a marketing exercise by Sweden's central bank.