102
Trio of professors win Nobel economics prize for work on post-colonial wealth
(www.theguardian.com)
Alt title: 3 Old White Men Discover Colonialsm Bad
this post was submitted on 14 Oct 2024
102 points (93.2% liked)
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Sorry about that, I mistook you for someone else. The Royal Academy of Sciences doesn't administer the Nobel Prize for Economics, which isn't one of the five official Nobel Prizes and thus overseen by a complex mix of the Swedish government--including the Academy of Sciences--and the Sveringes Riksbank.
Oh boy, ethnic prejudice: my own academic researched focused on borders and migration in colonial and post-colonial states and I taught US and World History on both the high school and college level. Race, racism, the Atlantic Slave Trade, and colonialism/post-colonialism pervade all of those subjects and were constants throughout my curriculum.
The economics prize is funded by Sveringes Riksbank but they are not involved in selecting a winner. Neither is the government. The Royal Swedish Academy of Sciences is solely responsible for selecting the winner, and it is not part of government.
Here's the thing about economics: the "dismal science" is often trying to prove - or disprove - what appears to be common sense.
For instance, to some it's common sense that minimum wage increases cause more unemployment. To others, it's common sense that they don't. Eventually economists will reach a consensus, and it will be "not news" to half the population.
Since you've done research in this field, you must be aware that Acemoglu and Robinson have been publishing on this topic for ~20 years. Is there some earlier economist who was not properly given credit for their results?
My dude, generations historians, economists, and social critics from India and across sub-Saharan Africa have discussed these issues at length. There are libraries full of diverse works on the subject. The erasure of all that is on-brand for the Nobel Prize in Economics (which even Hayek said shouldn't exist in his own acceptance speech) and frankly on-brand for the Western academy as a whole.
South America also has a huge body of work on this.