Comment by nabla9
6 hours ago
Flow of HN discussion every time Economics Nobel is announced:
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.
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