Nobel Pickin’ Time
3 October 2008 at 4:44 pm Peter G. Klein 4 comments
| Peter Klein |
The econommics Nobel chatter has already begun (1, 2, 3, probably many more). I’ll just borrow from last year’s post for those who follow such things:
How about a prize for organizational economics? Coase, of course, whose 1937 paper is foundational to the field, has already won, as have Akerlof, Spence, Stiglitz, Mirrlees, Vickrey, Hayek, and others whose work has greatly informed the study of organizations. But, for a prize recognizing organizational economics per se, whom would you pick? Williamson, Holmström, Milgrom, Roberts, Hart, Tirole, Aghion? Perhaps Alchian, Demsetz, or Jensen. Maybe a personnel economist (Lazear) or someone in corporate finance or accounting (Bill Schwert, Stewart Myers, René Stulz, Raghuram Rajan, Cliff Smith, Milton Harris, Artur Raviv)? Suggestions?
An entrepreneurship Nobel for, say, Baumol and Kirzner isn’t out of the question, but seems unlikely. What do you think?
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Organizations and Markets 
1.
DRDR | 4 October 2008 at 8:06 am
I think we’re due for a Nobel to someone who advanced empirical methods — it’s been five years since the Granger/Engel prize. Hansen is a particularly good choice, since GMM is so widely used. I just don’t see it going to micro theorists two years in a row.
2.
galam | 4 October 2008 at 2:21 pm
what about evolutionary economics? e.g. Nelson & Winter?
3.
TRUTH ON THE MARKET » Nobel Watch | 11 October 2008 at 9:41 pm
[…] want “to bring it down to earth and also they might wish to choose a Frenchman.” Peter Klein favors a prize for organizational economics and, I have a hunch, favors Williamson. French and […]
4. Nobel Watch - Truth on the Market | 5 September 2023 at 7:30 am
[…] want “to bring it down to earth and also they might wish to choose a Frenchman.” Peter Klein favors a prize for organizational economics and, I have a hunch, favors Williamson. French and […]