Heterodox
The 2020 "Nobel Prize" in economics goes to Paul Milgrom and Robert Wilson. I suppose it is nice that economists acknowledge that markets are not natural entities but need to be constructed. For example, consider the Federal Communications Commission auction of the microwave spectrum. The 2012 "Nobel Prize" went to Alvin Roth and Lloyd Shapley. The 1996 "Nobel Prize", to William Vickrey (a Post Keynesian, by the way) was also for acution theory. The 2002 prize went to Daniel Kahneman and Vernon Smith. Smith's work included experiments with markets constructed in the laboratory. I do not know much about this field. But I am hoping some journalists know of Philip Mirowski, an expert on the history of information in economics, and get him to comment on the award this year.
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Robert Vienneau considers the following as important: Neoliberalism
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The 2020 "Nobel Prize" in economics goes to Paul Milgrom and Robert Wilson. I suppose it is nice that economists acknowledge that markets are not natural entities but need to be constructed. For example, consider the Federal Communications Commission auction of the microwave spectrum.
The 2012 "Nobel Prize" went to Alvin Roth and Lloyd Shapley. The 1996 "Nobel Prize", to William Vickrey (a Post Keynesian, by the way) was also for acution theory. The 2002 prize went to Daniel Kahneman and Vernon Smith. Smith's work included experiments with markets constructed in the laboratory.
I do not know much about this field. But I am hoping some journalists know of Philip Mirowski, an expert on the history of information in economics, and get him to comment on the award this year.