Big names in the economics world have missed out. Thomas Piketty, the French economist, has just published his follow-up to the bestselling Capital. Titled Capital and Ideology, it expands on the themes of the first book. Sales of Capital topped 2m copies but have not put him in the running, possibly because at 48 he is too young to have built up enough citations among economists.
Thomas Sowell, 89, has the track record and another bestselling book under his belt, but fails to make the cut. Sowell is a senior fellow at the Hoover institution, Stanford University, and his brand of laissez-faire, anti-government economics is at the opposite end of the spectrum to the leftwing Piketty.
Err, no, don’t think so. Only a few hours to find out but I really seriously doubt either of them.
Especially Piketty. As part of the process of waiting a bit is not so that the citations can build up, rather to see if anyone shoots own the hypothesis. Which ,given that most of Piketty’s data is wrong is likely to happen.
My tip Claudia Goldin
https://en.wikipedia.org/wiki/Claudia_Goldin
An excellent scholar – writing about issues of interest today. Should get it sooner or later.
are they really saying that Sowell should get the price because his research is politically incorrect?
Emil, no they’re saying that these academics you may have actually heard of (because they’ve written popular books on economics) don’t have a chance according to one group’s predictions based on citations.
https://edition.cnn.com/2019/10/14/business/nobel-prize-economics/index.html
A tip of the hat to people who did work in economic experiments in the field.
Thank God it is only a counterfeit Nobel Prize.