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Nobel Prize in Economic Sciences to J. Mokyr, P. Aghion and P. Howitt

https://www.nobelprize.org/prizes/economic-sciences/2025/press-release/
10•Anon84•2h ago

Comments

nabla9•1h 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.

OhMeadhbh•1h ago
FT chimes in with a bit of context and references at https://www.ft.com/content/f392e6bd-f207-40b6-8b9a-59947d567...
OhMeadhbh•1h ago

   I know this isn't the place to chime in with a conversation
   about economics, but when has that stopped me before?

   I read Mokyr's book, A Culture of Growth
   [[ https://search.worldcat.org/title/964805224 ]] a couple years
   ago and enjoyed it.  I had a few nits about the content, but
   then again, I'm not a Nobel Prize winning economist, so maybe I
   should keep my mouth shut about that.  If you're interested in
   either history or economics, you should put it on the list of
   books to consider reading.  If you're interested in both, you
   probably should read it.

   But... I can also recommend von Hipple's Innovation series:
   [[ https://evhippel.mit.edu/books/ ]].

   And for the beginnings of a contrasting view to the "yeehaa!
   growth!" mindset from the timeframe covered by Mokyr's book, I
   would recommend Schumacher's "Small is Beautiful."
   [[ https://search.worldcat.org/title/1239792692 ]] To be honest,
   except for two chapters, I found the writing a little
   uninspired.  But it's worth a read as it introduces concepts you
   hear from "post industrial" types (thinking of the Slow Food and
   Slow Money movements.)  I have a to-do item to write a book
   about the "Slow Code" movement, but the industry probably
   doesn't need help with that.

   I haven't read Aghion's Endogenous Growth Theory
   [[ https://search.worldcat.org/title/1027693933 ]], but worldcat
   tells me it's at my local academic library, so I may have to
   give it a go.

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