One of the most annoying things is to read or hear an economist's views promoted because they have won the Nobel Prize. Hence, it is refreshing to
hear that the Nobel family has dissociated itself from the economics prize
There are some good spoofs on this at
Improbable Research:
2010 ECONOMICS PRIZE: The executives and directors of Goldman Sachs, AIG, Lehman Brothers, Bear Stearns, Merrill Lynch, and Magnetar for creating and promoting new ways to invest money — ways that maximize financial gain and minimize financial risk for the world economy, or for a portion thereof
2009 ECONOMICS PRIZE: The directors, executives, and auditors of four Icelandic banks — Kaupthing Bank, Landsbanki, Glitnir Bank, and Central Bank of Iceland — for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa — and for demonstrating that similar things can be done to an entire national economy.
So that's one way the kids are learning...
- source
(direct link not available, so I have left the date and time information in)