
Nobel Factor
How the creation of the Nobel Prize in Economics changed the economics profession, Sweden, and the world
Economic theory may be speculative, but its impact is powerful and real. Since the 1970s, it has been closely associated with a sweeping change around the world—the "market turn." This is what Avner Offer and Gabriel Söderberg call the rise of market liberalism, a movement that, seeking to repla...
How the creation of the Nobel Prize in Economics changed the economics profession, Sweden, and the world
Economic theory may be speculative, but its impact is powerful and real. Since the 1970s, it has been closely associated with a sweeping change around the world—the "market turn." This is what Avner Offer and Gabriel Söderberg call the rise of market liberalism, a movement that, seeking to repla...