e-commentary

. . .

K          “It just does not go away.  Those scoundrels are at it again this year.  Central bankers breaking bad.”

J          “There is an alternative.”

. . .

K          “Robert J. Shilller, David E. Card, Elinor ‘Lin’ Ostrom and Daniel L. McFadden made great contributions.”

J          “Keep the few babies.  Jettison the bath water.  Draw new bath water.”

. . .

[See “Michael Hudson on the Swedish Central Bank’s Wannabe Nobel Prize 2026” by Michael Hudson, the recipient of the Seventh Annual Noble Prize In Eco-nomics (October 10, 2022), in Naked Capitalism published on October 14, 2026.]

[See the e-commentary at Eleventh Annual Noble Prize In Eco-nomics (October 12, 2026), Tenth Annual Noble Prize In Eco-nomics (October 13, 2025), Ninth Annual Noble Prize In Eco-nomics (October 14, 2024), Eighth Annual Noble Prize In Eco-nomics (October 16, 2023), What Is With Our Friend Sweden And Our Friends The Swedes?  The Swedish Central Bankers Reward One Of Their Criminal Home Boys:  Bernanke.  The “Real” Nobel For Peace (War?) Rewards Hypocrisy And Dishonesty.  The Nord Stream Pipeline Terrorism Investigation Is Dodgy. (October 24, 2022), Seventh Annual Noble Prize In Eco-nomics (October 10, 2022), Sixth Annual Noble Prize In Eco-nomics (October 11, 2021), Fifth Annual Noble Prize In Eco-nomics (October 12, 2020), 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 Stickers of the Week:

Make Eco-nomics Great Again (MEGA)

Abolish the “Nobel” in “Economics”

Abolish the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

. . .

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.  You get what you reward.  You need to reward what you want to get.  Who gets it this year?”

K          “The recipient of the eleventh annual Noble Prize In Eco-nomics is . . . Steve Keen.  The plaque proclaims in part:  ‘Steve Keen’s work challenges the assumptions at the heart of mainstream economics, particularly the treatment of debt, banking, financial instability, and economic crises.  His central contribution is to insist that one cannot understand a modern capitalist economy without taking private debt, the banking system, and the financial sector seriously as forces that shape the real economy.  His work is especially compelling because he tries to advance an alternative framework, rather than simply criticizing the prevailing orthodoxy.  He is inspired by post-Keynesian economics, Hyman Minsky’s financial instability hypothesis, and the work of economists such as Irving Fisher and Joseph Schumpeter to explain how apparently prosperous economies can generate the conditions for their own crises.’”

J          “Solid choice.”

. . .

[See the e-commentary at Tenth Annual Noble Prize In Eco-nomics (October 13, 2025), Ninth Annual Noble Prize In Eco-nomics (October 14, 2024), Eighth Annual Noble Prize In Eco-nomics (October 16, 2023), What Is With Our Friend Sweden And Our Friends The Swedes?  The Swedish Central Bankers Reward One Of Their Criminal Home Boys:  Bernanke.  The “Real” Nobel For Peace (War?) Rewards Hypocrisy And Dishonesty.  The Nord Stream Pipeline Terrorism Investigation Is Dodgy. (October 24, 2022), Seventh Annual Noble Prize In Eco-nomics (October 10, 2022), Sixth Annual Noble Prize In Eco-nomics (October 11, 2021), Fifth Annual Noble Prize In Eco-nomics (October 12, 2020), 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 Stickers of the Week:

Make Eco-nomics Great Again (MEGA).

Oh, And Happy Indigenous Peoples’ Day / Columbus Day!