Zürcher Nachrichten - Role of government, poverty research tipped for economics Nobel

EUR -
AED 4.227793
AFN 73.093036
ALL 95.821139
AMD 434.134301
ANG 2.060384
AOA 1055.466588
ARS 1594.695474
AUD 1.675948
AWG 2.071798
AZN 1.961268
BAM 1.956376
BBD 2.318483
BDT 141.242224
BGN 1.967413
BHD 0.433943
BIF 3416.740797
BMD 1.150999
BND 1.482337
BOB 7.983352
BRL 6.061051
BSD 1.151134
BTN 109.10804
BWP 15.869882
BYN 3.426509
BYR 22559.582151
BZD 2.315052
CAD 1.598732
CDF 2627.159933
CHF 0.918468
CLF 0.026968
CLP 1064.847263
CNY 7.955534
CNH 7.966415
COP 4236.355738
CRC 534.55516
CUC 1.150999
CUP 30.501476
CVE 110.639834
CZK 24.526007
DJF 204.556011
DKK 7.472643
DOP 68.743467
DZD 153.239908
EGP 60.659844
ERN 17.264986
ETB 180.879958
FJD 2.590328
FKP 0.862171
GBP 0.867709
GEL 3.101989
GGP 0.862171
GHS 12.626909
GIP 0.862171
GMD 84.602865
GNF 10105.772413
GTQ 8.809634
GYD 240.967271
HKD 9.01603
HNL 30.524943
HRK 7.533409
HTG 150.89511
HUF 390.36077
IDR 19530.900697
ILS 3.611398
IMP 0.862171
INR 109.145105
IQD 1507.808807
IRR 1511549.554476
ISK 143.58758
JEP 0.862171
JMD 181.19338
JOD 0.816104
JPY 184.571341
KES 149.519157
KGS 100.655313
KHR 4617.80875
KMF 492.628013
KPW 1036.000816
KRW 1743.177052
KWD 0.354474
KYD 0.959295
KZT 556.496694
LAK 25206.880458
LBP 103071.968851
LKR 362.608401
LRD 211.352253
LSL 19.624973
LTL 3.398602
LVL 0.696228
LYD 7.343812
MAD 10.750769
MDL 20.21922
MGA 4805.421597
MKD 61.610158
MMK 2420.019892
MNT 4120.56426
MOP 9.287998
MRU 46.167009
MUR 53.755963
MVR 17.794881
MWK 1998.134816
MXN 20.85208
MYR 4.516565
MZN 73.560786
NAD 19.624968
NGN 1594.652122
NIO 42.26512
NOK 11.23054
NPR 174.56867
NZD 2.005283
OMR 0.44256
PAB 1.151124
PEN 3.981886
PGK 4.960235
PHP 69.637791
PKR 321.416927
PLN 4.287516
PYG 7526.217256
QAR 4.208633
RON 5.09801
RSD 117.382384
RUB 93.808448
RWF 1680.45867
SAR 4.318853
SBD 9.256306
SCR 17.323018
SDG 691.750843
SEK 10.904071
SGD 1.48327
SHP 0.863547
SLE 28.257455
SLL 24135.887864
SOS 657.800195
SRD 43.278761
STD 23823.357291
STN 24.573831
SVC 10.071967
SYP 127.215652
SZL 19.624959
THB 37.883413
TJS 10.999027
TMT 4.040007
TND 3.36495
TOP 2.771329
TRY 51.173045
TTD 7.82127
TWD 36.832551
TZS 2965.534234
UAH 50.456565
UGX 4288.263341
USD 1.150999
UYU 46.593727
UZS 14030.679283
VES 536.386461
VND 30314.438515
VUV 137.782859
WST 3.170812
XAF 656.150305
XAG 0.016515
XAU 0.000256
XCD 3.110633
XCG 2.07462
XDR 0.813516
XOF 652.04512
XPF 119.331742
YER 274.686351
ZAR 19.759091
ZMK 10360.377128
ZMW 21.669384
ZWL 370.621237
  • CMSC

    -0.0200

    22.8

    -0.09%

  • RYCEF

    -0.7000

    14.6

    -4.79%

  • BCC

    0.5500

    74.84

    +0.73%

  • GSK

    0.2400

    54.18

    +0.44%

  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    -0.4800

    81.92

    -0.59%

  • RIO

    0.7250

    86.515

    +0.84%

  • BCE

    -0.2600

    25.21

    -1.03%

  • BP

    0.2850

    46.455

    +0.61%

  • JRI

    -0.2050

    11.865

    -1.73%

  • RELX

    -0.0900

    31.98

    -0.28%

  • AZN

    6.3900

    189.79

    +3.37%

  • CMSD

    -0.1300

    22.62

    -0.57%

  • VOD

    -0.0950

    14.535

    -0.65%

  • BTI

    0.3299

    57.755

    +0.57%

Role of government, poverty research tipped for economics Nobel
Role of government, poverty research tipped for economics Nobel / Photo: Jonathan NACKSTRAND - AFP

Role of government, poverty research tipped for economics Nobel

Closing the season, the Norwegian Nobel Committee will announce the Nobel economics prize on Monday, with specialists on credit, the role of government, and wealth inequality seen as possible contenders.

Text size:

The winner of the prestigious prize, which last year went to American economist Claudia Goldin, will be announced at 11:45 am (0945 GMT).

Goldin was recognised "for having advanced our understanding of women's labour market outcomes" and was ironically one of very few women ever handed the prize.

Of the 93 laureates honoured since 1969, only three have been women -- Goldin in 2023, her compatriot Elinor Ostrom in 2009 and French-American Esther Duflo in 2019.

"The general trend in society to attach greater importance to parity and diversity has broadened the research process," Mikael Carlsson, professor of economics at Uppsala University in Sweden, told AFP.

"However, this is not the criteria taken into account when assessing whether a scientific contribution is worthy of a Nobel Prize," he insisted.

His bet is that Japan's Nobuhiro Kiyotaki and Britain's John H. Moore will win for their work on how small shocks can affect economic cycles, or American Susan Athey for her work on market design.

But what criteria should be used to predict a Nobel winner?

For Magnus Henrekson of the Research Institute of Industrial Economics in Stockholm, the most obvious place to start is to look at the research interests of the committee that decides which candidates are worthy.

Its chairman specialises in development economics, though Henrekson said it was doubtful the field would be honoured as it was recently awarded a prize.

"I don't think it's likely that the same field will win the prize two years running," Henrekson said.

- Poverty or wealth inequality? -

Frenchman Philippe Aghion, as well as Americans George Loewenstein, Kenneth Rogoff and Carmen Reinhart are academics often mentioned as worthy of the prize.

Turkish-American Daron Acemoglu, a professor at MIT in the United States and the author of several best-sellers including "Why Nations Fail: The Origins of Power, Prosperity, and Poverty," is considered a top name this year.

Acemoglu could potentially be paired with Russian-American Andrei Shleifer.

Predicting the winner is always tricky, but online statistics platform Statista noted that by looking at past recipients and the state of current research in economics, "we have a decent idea of candidates who are likely to win a Nobel in their career, if not in 2024".

It believes Acemoglu could get the nod for his "work on the long-run development of institutions which facilitate or hinder economic growth".

Other possible candidates include macroeconomists such as Frenchman Olivier Blanchard, and Americans Larry Summers and Gregory Mankiw.

Economists who work on wealth inequality, such as France's Thomas Piketty and Gabriel Zucman as well as French-American Emmanuel Saez have also often been mentioned in recent years.

Canadian-American Janet Currie, a specialist in anti-poverty policies, is a favourite for analytics group Clarivate, which keeps an eye on potential Nobel science laureates based on citations.

It also spotlighted British-Indian Partha Dasgupta as a potential winner for "integrating nature and its resources in the human economy".

- 'False Nobel' -

Paolo Mauro, a former member of the International Monetary Fund, was also put forward for "empirical studies of the effects of corruption on investment and economic growth".

The economics prize is the only Nobel not among the original five created in the will of Swedish scientist Alfred Nobel, who died in 1896.

It was instead created through a donation from the Swedish central bank in 1968, leading detractors to dub it "a false Nobel".

However, like for the other Nobel science prizes, the Royal Swedish Academy of Sciences decides the winner and follows the same selection process.

The economics prize wraps up this year's Nobel season, which honoured achievements in artificial intelligence for the physics and chemistry prizes, while the Peace Prize went to Japanese group Nihon Hidankyo, committed to fighting nuclear weapons.

South Korea's Han Kan won the literature prize -- the only woman laureate so far this year -- while the medicine prize lauded discoveries in understanding gene regulation.

The Nobel Prizes consist of a diploma, a gold medal and a one-million-dollar lump sum.

They will be presented at ceremonies in Stockholm and Oslo on December 10, the anniversary of the 1896 death of scientist and prize creator Alfred Nobel.

H.Roth--NZN