Todd Suomela's Library tagged nobelprize →  View Popular, Search in Google

"The "Nobel prize for economics" is a fascinating story of how - as the global public was looking the other way - strategy and snobbery brought a symbolic currency to life. "

economics nobelprize history rhetoric symbolism symbols prize rewards

"But if we don’t win yet again, we are at fault. America needs an Obama des letters, a writer for the 21st century, not the 20th — or even the 19th. One who is not stuck in the Cold War or the gun-slinging West or the bygone Jewish precincts of Newark — or mired in the claustrophobia of familial dramas. What relevance does our solipsism have to a reader in Bombay? For that matter, what relevance does it have in Brooklyn, N.Y.?"

american literature nobelprize criticism ambition universal fiction writing

sts science history chemistry world-war-1 greatness nobelprize

interview economics nobelprize climate environment game-theory

nobelprize incentives research academia rewards

What had I found? The point of my trade models was not particularly startling once one thought about it: economies of scale could be an independent cause of international trade, even in the absence of comparative advantage. This was a new insight to me, but had (as I soon discovered) been pointed out many times before by critics of conventional trade theory. The models I worked out left some loose ends hanging; in particular, they typically had many equilibria. Even so, to make the models tractable I had to make obviously unrealistic assumptions. And once I had made those assumptions, the models were trivially simple; writing them up left me no opportunity to display any high-powered technique. So one might have concluded that I was doing nothing very interesting (and that was what some of my colleagues were to tell me over the next few years). Yet what I saw -- and for some reason saw almost immediately -- was that all of these features were virtues, not vices, that they added up to a program that could lead to years of productive research.\n\nI was, of course, only saying something that critics of conventional theory had been saying for decades. Yet my point was not part of the mainstream of international economics. Why? Because it had never been expressed in nice models. The new monopolistic competition models gave me a tool to open cleanly what had previously been regarded as a can of worms. More important, however, I suddenly realized the remarkable extent to which the methodology of economics creates blind spots. We just don't see what we can't formalize. And the biggest blind spot of all has involved increasing returns. So there, right at hand, was my mission: to look at things from a slightly different angle, and in so doing to reveal the obvious, things that had been right under our noses all the time.

economics trade international workflow work practice research nobelprize

The premise was simple. As I wrote then: "Imagine a world in which such honors are exempt from pettiness, politics and tokenism. Imagine a Nobel Prize in which the contributions of Proust, Kafka, Nabokov and Joyce are not forgotten. Imagine a Nobel Prize in Literature in which genre writers have a chance. Imagine a Nobel Prize in Literature that doesn't bend over backward to exclude native born U.S. writers (only three honored during the last 52 years!)."

literature nobelprize humor alternative

nobelprize literature dorislessing sf award commentary import-delicious