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 Prize is that once awarded, it can never be revoked. This has led to some embarrassing gaffes with perhaps the worst to date being the award of the Nobel Prize for Chemistry in 1918. That went to Fritz Haber, who, as well as inventing what became an essential process in the manufacturing of fertilizer, had personally “supervised the first major chlorine gas attack at Ypres, Belgium, in 1915, which killed thousands of Allied troops,” (Karl Ritter, 2016 Five decisions that made the Nobel Prizes look bad).

Writing for news agency AFP in 2015, journalist, Hugues Honore, reported a comment from Swedish chemist, Inger Ingmanson, who wrote a book about Haber’s prize: “After Germany’s defeat in the war, he didn’t expect to win a prize. He was more afraid of a court martial.”

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Steve Keen

Professor Steve Keen is both critic of mainstream economics and a developer of a modern complex systems approach to economics. Best known for the book Debunking Economics, he was a …

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