Freakonomics Radio 224. How To Win A Nobel Prize
Oct 15, 2015
Explore the origins and controversies surrounding the Nobel Prize in Economics, including the intricate nomination and selection process for candidates. Delve into the impact of lobbying on candidate selection and consumer behavior in pharmaceutical brand preferences.
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Alfred Nobel's Legacy and Prizes
- Alfred Nobel invented many things and made a fortune from weapons and explosives.
- His death inspired him to fund prizes to be remembered positively for benefiting mankind.
Economics Prize Origin and Status
- The economics prize was established in 1968 by the Swedish Central Bank.
- It follows Nobel standards but is technically not one of the original prizes stated in Nobel's will.
Economics Prize Awarding Body
- The economics prize is awarded by the Royal Swedish Academy of Sciences.
- It was created because economics became recognized as a rigorous and important discipline.