Thus, as Alfred Nobel's great-grandnephew expressed it, the Economics Prize remains "a PR coup by economists to improve their reputations." Hayek even argued in his acceptance speech that the prize should not exist, saying, "The Nobel Prize confers on an individual an authority which in economics no man ought to possess. ... This does not matter in the natural sciences. Here the influence exercised by an individual is chiefly an influence on his fellow experts; and they will soon cut him down to size if he exceeds his competence. But the influence of the economist that mainly matters is an influence over laymen: politicians, journalists, civil servants and the public generally."
Of course, the most hilarious thing is that they literally had to change their rules after John Nash won to specify that the prize was for work in the social sciences. I guess Nash's work was too mathematical, and the economists were concerned that one day they would no longer be winning their own prize. Nash, of course, never thought about winning the prize whereas he was pissed off for the rest of his life about not winning a Fields Medal, which in some ways is more prestigious than a Nobel, and it's said it may have contributed to his mental collapse.
Ed Witten, of course, won a Fields Medal, even though he's primarily viewed as a physicist. Then again, he's not human.
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