Nobel Prize in Economic Sciences to J. Mokyr, P. Aghion and P. Howitt
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The Nobel Prize in Economic Sciences was awarded to J. Mokyr, P. Aghion, and P. Howitt for their work in economics, with the community showing appreciation for their research.
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Oct 13, 2025 at 5:49 AM EDT
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It's not a "real" Nobel Prize. This is because it's officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, created in 1968.
This distinction often leads to people downplaying economics itself. They argue it's not a "real" science like physics or chemistry because it can't predict things perfectly and is based on human behavior, which is unpredictable. This critique sets the stage for a more political debate. Libertarian and socialist contribution is oversized.