And the Nobel goes to...

Économiste Monétaire · 02-10-2008 11:56am #1

So, on Monday the 13th of October there will be an announcement of the winner(s) of the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, or more commonly known as the Nobel Prize in Economics.

Now, of course we don't know the nominees, but here are the predictions:

"for their contributions to dynamic econometric models"

LARS P. HANSEN, Homer J. Livingston Distinguished Service Professor, Department of Economics, University of Chicago, Chicago, IL USA
HIGHLYCITED.COM
and
THOMAS J. SARGENT, William R. Berkley Professor of Economics and Business, Department of Economics, New York University, New York, NY, USA; and Senior Fellow, Hoover Institution, Stanford, CA USA
and
CHRISTOPHER A. SIMS , Harold B. Helms Professor of Economics and Banking, Department of Economics, Princeton Univeristy, Princeton, NJ USA

"for his research on public economics, including taxation, social security, health economics and many other topics"

MARTIN S. FELDSTEIN, George F. Baker Professor of Economics, Department of Economics, Harvard University, Cambridge, MA USA; President Emeritus, National Bureau of Economic Research, Cambridge, MA USA

"for their publications on property rights and their contributions to the theory of the firm"

ARMEN A. ALCHIAN, Emeritus Professor, Department of Economics, University of California Los Angeles, Los Angeles, CA USA
and
HAROLD DEMSETZ, Arthur Andersen UCLA Alumni Emeritus Professor of Business Economics, Department of Economics, University of California Los Angeles, Los Angeles, CA USA

Courtesy of: http://scientific.thomsonreuters.com/nobel/nominees/#economics
For a review of previous winners: http://nobelprize.org/nobel_prizes/economics/laureates/

If anyone else has any predictions post 'em up. Go Go Feldstein!

Time Magazine · 02-10-2008 1:05pm

I'm liking those choices. Far more pertinent than mechanism design imho.

Part of me says Goe Team Sargent and Sims! (Though part of that is because Tom gave a talk to us last year and I was in a lift with him, awe-struck.) Does the contribution of RE deserve the nod?

Then part of me says Goe Team NBER Marty, for obvious reasons. Though I've taken a dislike to him lately.

And then of course it'd be nice if the regulation of utilities got the nod. But how up their own arse would UCLA be after that?

Hmm. Still, I'd be quite surprised if any of these guys actually did win it. I'm expecting something from way out-field. Too soon for Whelan and McQuinn? :pac:

Économiste Monétaire · 02-10-2008 5:16pm

David McWilliams wrote: »

Too soon for Whelan and McQuinn? :pac:

Haha! They just need a little more crust.

eamonnm79 · 03-10-2008 12:55pm

I think it should go to Joseph E. Stiglitz
He shared in the 2001 prize for his work on asymetric information.
He has recently published work which has tried to etimate the cost of the war in Iraq to the American Taxpayer called "The 3 Trillion Dollar War"
Its both topical and important.
Too populist to get the prize maybe?

Time Magazine · 03-10-2008 1:14pm

Stiglitz's recent work is nowhere near as big an advance in the field as Hansen, Sargent and Sims' lifetime work!

Économiste Monétaire · 03-10-2008 2:45pm

eamonnm79 wrote: »

I think it should go to Joseph E. Stiglitz
He shared in the 2001 prize for his work on asymetric information.
He has recently published work which has tried to etimate the cost of the war in Iraq to the American Taxpayer called "The 3 Trillion Dollar War"
Its both topical and important.
Too populist to get the prize maybe?

I'm lost for words; lost for words that won't get me banned. I'll just say: No.

EGaffney · 04-10-2008 2:59pm

David McWilliams wrote: »

Stiglitz's recent work is nowhere near as big an advance in the field as Hansen, Sargent and Sims' lifetime work!

You seem awe-struck by Tom Sargent. I've heard he isn't all that good at the history of economic thought.

04-10-2008 4:19pm

I also vote Sargent.

For no other reason then I was in the lift with him at the same time.

Seriously though, he really does deserve one.

And the Nobel goes to...

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