Nobel Prize in economics

Here is the description

http://news.yahoo.com/u-economists-sargent-sims-win-2011-nobel-111035882.html

… recognized their “empirical research on cause and effect in the macroeconomy”

Sims is the best time series econometrician ever to come along. You are not qualified to have an opinion on this unless you can solve this problem set:

http://sims.princeton.edu/yftp/Times09/Takehome.pdf

can you say: “logical fallacy?”

Oh you mean the Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels mine? Did you know that it’s possible that even more people vote on the Best Cinematography Oscar than the “Nobel Prize in Economics”?

Those Wacky Swedes

Just for fun:

Mises Wins the Nobel Prize in Economic Science, well sort of …