The day the Nobel Prize for Economics is announced is one of my favorite days to read blogs. You have to assume that everyone who becomes an academic in the field of economics at least ponders the idea of someday being a Nobel Prize winner, and so the day the Nobel Prize is announced is a big day for economists and for economics blogs. Every year when the prizes is announced, economics blogs are abuzz.
Marginal Revolution already has several lengthy posts on the prize, explaining the economic theories that earned the award to non-economists, and profiling the winners. Very impressive considering that the award was just announced earlier today, and October 6, the winners were not even on Tyler Cowen’s short list of potential winners. (The winners weren’t on Greg Mankiw’s list, either.)
I really enjoy how excited economists get when it comes to the award, and the excellent coverage of the award that they provide. It makes me wish we had a Nobel Prize for software development. (My favorite bit of trivia about the prize is that unlike the other Nobel Prizes it was not established in Alfred Nobel’s will — it was created in 1968 by the Bank of Sweden.)