Arab Today, arab today nobel economics prize winds up week of awards
Last Updated : GMT 08:16:52
Arab Today, arab today
Arab Today, arab today

No clear favourites dominating the race

Nobel Economics Prize winds up week of awards

Arab Today, arab today

Arab Today, arab today Nobel Economics Prize winds up week of awards

The winner of the 2011 Nobel Economics Prize is to be announced on Monday
Stockholm - AFP

The winner of the 2011 Nobel Economics Prize is to be announced on Monday The winner of the 2011 Nobel Economics Prize is to be announced on Monday, with the global economic crisis unlikely to colour the choice this year and no clear favourites dominating the race. The Nobel Economics Prize announcement, due to be unveiled at 1:00 pm (1100 GMT), wraps up a week of announcements already made in the fields of medicine, physics, chemistry, literature and peace.
The five-member committee that awards the Economics Prize insists its choice is never based on recent events.
\"The prize is very non-political, non-trendy and just focused on research contributions,\" the committee\'s new chairman Per Krusell told AFP, stressing that \"we do a very thorough evaluation that can last over years, so it tends to be a long lag from the time the research is done until it is awarded.\"
Olof Somell, subject manager for the Economics Prize at the Nobel Museum in Stockholm, also said that while the committee wants to keep up with the times, \"they want to be current within academia, not within politics.\"
The list of economics laureates has in recent years been dominated by American men -- since 2000 there have been only two exceptions.
In 2010, British-Cypriot economist Christopher Pissarides was honoured, and in 2009 it was won by Elinor Ostrom of the United States, the only woman to ever have received the nod.
Last year, the Nobel committee honoured labour market specialists Pissarides and Peter Diamond and Dale Mortensen of the United States.
Sweden\'s paper of reference Dagens Nyheter on Sunday cited several possible names of winners this year, most of whom have been rumoured to be in the running for several years.
Among them were Robert Shiller of the United States, a behavioural finance theorist; Eugene Fama of Chicago University, also a financial economist; American growth experts Paul Romer and Robert Barro; and Austria\'s Ernst Fehr, a behavioural economics specialist.
According to financial daily Dagens Industri (DI), Fama, the author of a theory on efficient markets, would be too controversial during the current economic crisis, while it saw Barro as having a good shot at the prize.
It also predicted other possible winners as US econometrics expert Jerry Hausman and Indian-American micro-economist Avinash Dixit.
Yet another potential candidate was Bengt Holmstroem, a Finn who specialises in business, assymetric information and economic incentives.
Holmstroem was also on a list of favourites presented by Swedish economist Hubert Fromlet, who had both the 2009 and 2010 laureates on his lists those years.
Consumption theorists Robert Hall, Lars Peter Hansen and Christopher Sims have also been mentioned as possible winners, as well as political economist Alberto Alesina.
The economics prize is the only one of the six Nobels not originally included in the 1895 will of the prizes\' creator, Swedish industrialist Alfred Nobel.
It was created by the Swedish central bank, the Riksbank, in 1968 to commemorate its tricentary and was first handed out in 1969.
The 10-million-Swedish-kronor ($1.48-million, 1.08-million-euro) prize sum is funded by the Riksbank, unlike the other prizes which are financed by the Nobel Foundation.
The two most-watched prizes, those for literature and peace, were announced last week.
Swedish poet Tomas Transtroemer won the Literature Prize on Thursday, and on Friday the Peace Prize was awarded to Liberian President Ellen Johnson Sirleaf and her compatriot peace activist Leymah Gbowee, as well as Yemeni blogger and activist Tawakkul Karman, in a nod to women\'s empowerment.
All of the Nobel laureates will receive their prizes at gala ceremonies in Oslo and Stockholm on December 10, the anniversary of the death of Alfred Nobel.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nobel economics prize winds up week of awards Arab Today, arab today nobel economics prize winds up week of awards

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday