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by etiam 615 days ago
The significance is that it's not a Nobel prize. Saying that is simply formally wrong. It's a prize lobbied in (with a hefty donation) almost 70 years after the establishment, trying to raise the status of Economics as a scientific discipline by basking in the reflected glory of the actual Nobel prizes.

You may not care about the distinction, and if so that's your prerogative, but this Memorial prize in Economics, despite sharing in the festivities, is not in the same category and that's what you keep running into seeing pointed out.
1 comments
famouswaffles 615 days ago
The General Public and Economists hold it in the same regard as other Nobel Prizes so appeal to 'formality' is pointless. The social recognition is the point of these awards so if it has that and is also often called the "Nobel Prize in Economics" then it's a Nobel Prize. They're literally announced and awarded together.

Nobody but a few nitpicks care about your distinction because it's not a real one. Might as well say "Money is not valuable because the material it's made up of has little intrinsic value". Well no, Money is valuable because society has decided it is.

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etiam 615 days ago
It is also my prerogative not to care about your opinion. You claimed you come across this a lot and don't get it. I just told you. Take it or leave it.
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famouswaffles 615 days ago
>It is also my prerogative not to care about your opinion.

Sure

>You claimed you come across this a lot and don't get it. I just told you. Take it or leave it.

I'm not OP. And i don't think a few comments on Nobel prize threads is a lot in the first place. Nothing for me to "take".

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