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by snake_doc
1349 days ago
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Semantics… even the Associated Press calls it the Nobel Prize in Economics: > STOCKHOLM (AP) — This year’s Nobel Prize in economic sciences has been awarded to the former chair of the U.S. Federal Reserve, Ben S. Bernanke, and two U.S.-based economists, Douglas W. Diamond and Philip H. Dybvig, “for research on banks and financial crises https://apnews.com/article/nobel-economy-bernanke-2bb3eaee67... |
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Alfred Nobel never intended to award a prize in economics (and neither one in Mathematics, though the background of _that_ might be more interesting).
From https://www.nobelprize.org/alfred-nobel/alfred-nobels-will/
"The interest is to be divided into five equal parts and distributed as follows: one part to the person who made the most important discovery or invention in the field of physics; one part to the person who made the most important chemical discovery or improvement; one part to the person who made the most important discovery within the domain of physiology or medicine; one part to the person who, in the field of literature, produced the most outstanding work in an idealistic direction; and one part to the person who has done the most or best to advance fellowship among nations, the abolition or reduction of standing armies, and the establishment and promotion of peace congresses."