Awards in Economics – the Dismal Science?
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http://en.wikipedia.org/wiki/Daniel_Kahneman#Honors_and_awards
says Daniel Kahneman won the Nobel Prize in Economics despite never having taken an economics course.
Actually, the “Nobel Prize” for Economics is not a real Nobel Prize as it was not provided for in the will of Alfred Nobel (who died in 1896). It was started by the Bank of Sweden in 1968 and seems to be awarded to whoever happens to have put forward the economic theory that is the flavour of the moment. So, when Keynesianism was in it went to one of them. When Monetarism was in one of them got it. I don’t know who gets it today but someone who knows nothing about economics seems appropriate.
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