Reposted by Dr Isis Giraldo
It's Nobel Prize week! A good time to remember that the economics prize was created by Swedish bankers in 1968 (67 years after the 5 original Nobel prizes) against the wishes of the Nobel family, partly to legitimize neoclassical economics in the public eye and partly to help banks avoid regulation.
m.youtube.com
Philip Mirowski - Why Is There a Nobel Memorial Prize in Economics?
YouTube video by New Economic Thinking
