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50 Years of the Nobel Economics Prize:
Is economics worthy of it?
Help us find fresh economic thinkers and doers for the 21st Century

What do you think? Has it been a force more for good or bad? And is it a real Nobel Prize anyway? Read about various winners below, read our PEP blog here and join the debate on social media with #NotTheNobel.

We want you to help us find fresh economic thinkers and doers who you believe have the solutions we need to the challenges of the 21st century. Find out more here.

#NotTheNobel – What it is about.

08/09/2019

Our economic system is driving us towards a perfect storm. We are facing ecological breakdown. Rising debt is threatening a new financial crash. Inequality is pulling societies apart. For 50

#NotTheNoble Launch Webinar 1 with Christian Felber, Ann Pettifor and Nicholas Gruen

03/09/2019

Listen to discussions with Christian Felber, Ann Pettifor, Nicholas Gruen on whether there should be a Nobel Prize for Economists. Has it been a force for good or bad for

#NotTheNobel Launch Webinar 2 with Steve Keen and Stephan Griffith-Jones

03/09/2019

Listen to discussions with Steve Keen and Stephany Griffiths-Jones on whether there should be a Nobel Prize for Economists. Has it been a force for good or bad for society?

Why Is There a Nobel Memorial Prize in Economics?

22/08/2019

The Nobel Memorial Prize defines high achievement in economics, and it validates the discipline’s claim for scientific authority. And yet, historically, it can be understood as a reflection of domestic

Nordhaus’s Nobel Prize is safe but the World isn’t

04/07/2019

An economic analysis that won the highest of accolades and spawned influential followers has sharpened the threat from climate change, says Steve Keen. One of the provisions of the Nobel

The Nobel Bailout

04/07/2019

Nat Dyer tells the story of how two Nobel Prize winners almost brought down the world’s financial markets by putting their “rocket science” finance theory into practice. Sounds like a

Nobel for Economics 2018 – a question of imbalance

12/04/2019

Dimitri Zenghelis explains why Paul Romer’s theory of endogenous growth can be harnessed to direct and design a net-zero-carbon future while using William Nordhaus’s DICE and RICE models may already

A man and his wife

31/03/2019

Gunnar Myrdal shared his Nobel Prize with an arch rival. Meanwhile his Nobel Prize-winning wife enjoyed less recognition. André Pedersen Ystehede and Stefan Kesting tell the story of a quest for peace,

Paul Krugman’s incredible invisibility trick

31/03/2019

It’s impossible to avoid misjudgements in life or to get all one’s predictions right. But should economists get caught out quite so often. Nicholas Gruen looks at Paul Krugman’s recent

The Nobel Factor: The Prize in Economics 50 Years On

19/03/2019

We know that although economic theory may be speculative, its impact is powerful and real. Since the 1970s, it has been closely associated with a sweeping change around the world—the

Book Review: Bending the Rules

11/09/2018

Review of Elinor Ostrom’s Rules for Radicals: Cooperative Alternatives Beyond Markets and States. Derek Wall has fashioned a short guide for radicals from the work of a non-radical economics

Is fair enough?

30/06/2017

Hart: “I’ve become more open to these behavioural ideas, which I was initially not.” Contracts are a big deal. They have a place in all manner of economics transactions and