[On Monday, October 9, the Royal Swedish Academy awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin of Harvard University. Two Swedish expatriates reflect on the meaning of the Prize and this year’s recipient.]
Per Bylund
As an Austrian economist, the announcement of the economics prize—often misleadingly referred to as the economics Nobel Prize—is a matter of not knowing whether to laugh or cry (or both). Rather than awarding the prize to an economist doing work in line with the long and sound tradition of economic reasoning, the Royal Swedish Academy typically awards the prize to lifelong academics who have made nothing but inconsequential or discoveries from inductive data mining or contributions to mathematical games. Or, much worse and

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