Thursday, October 08, 2009


Looking at the odds on the Nobel prize in economics, I am surprised to see so many people betting on Eugene Fama. He's certainly worthy, but in a year where equity prices have fallen in part due to (mis)use of the analysis he helped create it seems an odd time to award him. If you want to make a timely award, I would think Robert Shiller is your choice for his work on housing.

I think Paul Romer is a good bet; my personal favorite to receive one would be Bhagwati. We'll find out on Monday.