There is a Facebook “Causes” for “Candidacy of Jesus Huerta de Soto to the Nobel Prize in Economic Science.”
Positions:
The only reason I do not take part in it is because I have sworn never to put a (virtual) foot on Facebook in my life.
I really love Huerta de Soto and I believe pretty soon the Spanish government will be forced to turn to him.
Here is the process for nominating someone for a Nobel prize:
Each year the respective Nobel Committees send individual invitations to thousands of members of academies, university professors, scientists from numerous countries, previous Nobel Laureates, members of parliamentary assemblies and others, asking them to submit candidates for the Nobel Prizes for the coming year. These nominators are chosen in such a way that as many countries and universities as possible are represented over time.
What’re the odds that one of these nominators will have heard of, let alone pick, De Soto??
I’m with Kakugo on the facebook thing.
In lieu of a Nobel Price nomination, I have been supporting de Soto by purchasing multiple copies of his book “Money, Bank Credit, and Economic Cycles” and distributing them to receptive individuals - a banker, a banker who also teaches economics, and a financial planner…so far…
I would disagree with all points, the third maybe partially.
How edifying.
I wonder why Austrians don’t create their own Nobel Prize.
Mainstream economics is a laughing stock, so I don’t think the Austrians should worry much whether or not Huerta de Soto, or anyone else for that matter gets a prize from the Swedish central bank.
Yes, please award him a prize established/endowed by the Swedish central bank, he’d be thrilled to be sure.
Yeah, there needs to be a Fields Medal equivalent for economics. Something that stands by a good standard measure of the discipline.
The LvMI already gives many awards.
Daniel, how many come with a $1 million check?
Student, none. Why do you ask? What is important to you the most, the award or the money?
Get Rockefeller to finance it, the Marxoids will never shut up. Amusing though for many reasons.
Daniel,
I don’t think it is a coincidence that the economics award with the biggest prize is also considered the most prestigious. The Clark Medal has often been said to be harder to earn than the Nobel Prize because it is awarded to only young economists and (until recently) only presented every 2 years. Yet, the Nobel still garners the most esteem.
Now, that isn’t to say the money is the only thing that matters. But you can’t pretend it doesn’t matter at all.
PS* Think of it this way. Which prize comm sends a stronger signal about how much they appreciate a given researcher’s work? The one that attaches a $1 million gift card to their prize or the one that buys you lunch at Denny’s?
The only reason to accept the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is because of the money and possibly the fame, though I am not sure if it is the kind of fame I would want.
I think the Nobel Peace Prize is in the lead since the last award but it is tight run which is the biggest joke.
How anyone could feel the prize is some kind of merit to there academic achievements is beyond me.
I’m not sure what exactly this debate is about.
Anyway, it would be nice to have LvMI give an award which has $1 million dollars attached to it.
You don’t need the money if you have a LvMI award. When you’re Austrian friends come over you make it the centerpiece of conversation, and fill your Facebook with pictures of it. That money will be spent or saved, no one will actually see it, but an actual physical award that you can place around your house so everyone can stare at it is worth it (plus I’m sure someone on this forum had it they would make it their avatar and brag about it).
We don’t need the money cause the Austrian theories are actually useful in predicting markets so we can make them there instead [:)]
On the candidacy, Hayek already received a Nobel prize for the stated reasons (business cycle). There are certain positions that differ between Hayek and de Soto, but generally de Soto follows Hayek’s lead (he, at least, heavily cites Hayek throughout the book, especially regarding capital theory). I generally agree with the facebook page commentators that de Soto has a lot of potential, but has yet to flower.