Archive for October 12, 2020

Fifth Annual Noble Prize In Eco-nomics (October 12, 2020)

Posted in Economics, Economics Nobel, Noble Prize in Eco-nomics on October 12, 2020 by e-commentary.org

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K          “An award acknowledging and celebrating the work of someone on the planet who really knows something about eco-nomics.  Eco-nomics is about making and sharing; e-con-omics is about taking and stealing.”

J          “The Noble Prize in Eco-nomics is a delightful and playful replacement for the discredited and misnamed ‘Nobel’ Prize in Voodoo E-con-omics.  And I get it.  You get what you reward.  You need to reward what you want to get.  Who gets it this year?”

K          “The recipients of the fifth annual Noble Prize In Eco-nomics are . . . Pam Martens and Russ Martens who have researched and crafted ‘Wall Street On Parade’ for decades.  The couple has contributed immensely and with little credit chronicling in clear prose the circus and criminality on Wall Street and the consequences for the ordinary person.”

J          “They should get credit for challenging the credit markets.  They have made a far great contribution to the public discourse than everyone writing at ‘The Wall Street Journal’ for the last two decades.  The age of vicious irony is viciously ironic.”

. . .

[See “The American Nightmare” in “The Automatic Earth” by Byron Bishop dated October 12, 2020; “The Tyranny of Economists  How can they be so wrong, so often, and yet still exert so much influence on government policy?” in “The New Republic” by Robin Kaiser-Schatzlein dated September 30, 2019, the book titled “The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn” by Avner Offer and Gabriel Söderberg and “Heretics welcome!  Economics needs a new Reformation” in “The Guardian” by Larry Elliott dated December 17, 2017.]

[See the e-commentary at “Fourth Annual Noble Prize In Eco-nomics (October 14, 2019)”, “Third Annual Noble Prize In Eco-nomics (October 8, 2018)”, “Second Annual Noble Prize In Eco-nomics (October 9, 2017)”, “First Annual Noble Prize In Eco-nomics (October 10, 2016)”, “Announcing The First Annual Noble Prize In Eco-nomics (May 2, 2016)”, “Award Deadlines (Livelines?) (July 25, 2016)”, “From e-con-omics to eco-nomics? (August 1, 2011)”, and “Skip the Nobel in Economics (October 6, 2009)”.]

Bumper sticker of the week:

“Show me the incentives and I will show you the outcome.”  Charlie Munger

Boycott banks; support credit unions

Happy Indigenous Peoples’ Day