The Nobel Effin Prize in Economics

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We all have pet peeves, and I’m afraid one of mine is people who insist on pointing out every year that the Nobel Prize in Economics isn’t really a Nobel Prize.  It’s actually the Sveriges Riksbank Prize in Economic Science in Honor of Alfred Nobel, it wasn’t part of Nobel’s original will, it’s a party-crasher that was tacked on a mere 40 years ago, blah blah blah.

Come on, people.  It’s awarded by Royal Swedish Academy of Sciences, just like the Physics and Chemistry prizes.  It follows the same rules as the other prizes.  The Nobel Foundation bought into the idea and lists it on their website along with all the other prizes.  (Yes, it’s carefully referred to only as a “Prize,” not  a “Nobel Prize,” but still.)  And it’s presented on the anniversary of Alfred Nobel’s death at the same awards ceremony as all the others.  Don’t believe me?  Here’s Nobel Prize winner Paul Krugman at the awards ceremony last year right alongside all the “real” winners.  Hell, Krugman even looks a little bit like Alfred Nobel.

So it’s a Nobel Prize.  End of micro-rant.  You may now continue with your previously scheduled Columbus Day festivities.

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In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

Please learn more about how Mother Jones works and our 47-year history of doing nonprofit journalism that you don't find elsewhere—and help us do it with a donation if you can. We've already cut expenses and hitting our online goal is critical right now.

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