The Nobel Factor

Name: The Nobel Factor
Brand: Hachette Aotearoa New Zealand
SKU: 9780691196312
Price: 97.0 NZD
Availability: InStock

The Prize in Economics, Social Democracy, and the Market Turn

By Avner Offer and Gabriel Söderberg

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Summary

The Nobel Factor traces the creation of the Nobel Prize in Economics and its profound impact on the economics profession, Sweden, and global economic thought. Originating in 1969 from a conflict between Sweden's central bank orthodoxy and social democracy, the prize was designed to boost the authority of market-friendly economics under the prestigious Nobel brand. By revealing how this strategy influenced economic policy worldwide, the book offers a unique examination of economics' real-world consequences.
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Format: Paperback / softback

$97⁰⁰

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The Nobel Factor

$97⁰⁰

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book will appeal to readers interested in economics, economic history, and the sociopolitical impact of financial institutions. It suits students, academics, and professionals seeking to understand the influence of economic awards on policy and theory.

How the creation of the Nobel Prize in Economics changed the economics profession, Sweden, and the worldOur confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969. Was it a coincidence that the prize and the rise of free-market liberalism began

Description

How the creation of the Nobel Prize in Economics changed the economics profession, Sweden, and the world. Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969.

Was it a coincidence that the prize and the rise of free-market liberalism began at the same time? The Nobel Factor is the first book to describe the origins and power of the most important prize in economics. It tells how the prize, created by the Swedish central bank, emerged from a conflict between central bank orthodoxy and Sweden's social democracy.

The aim was to use the halo of the Nobel brand to influence the future of Sweden and the rest of the developed world by enhancing the bank's authority and the prestige of market-friendly economics. And the strategy has worked spectacularly—with sometimes disastrous results for societies striving to cope with the requirements of economic theory and deregulated markets.

Drawing on previously untapped archives and providing a unique analysis of the sway of prizewinners, The Nobel Factor offers an unprecedented account of the real-world consequences of economics and its greatest prize.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Praised as one of the influential economic writings of 2016, The Nobel Factor was selected for Bloomberg View's “The Writing that Shaped Economic Thinking in 2016” and featured among Canada's Financial Post Best Personal Finance and Economics Books of 2016.

Book Details

INFORMATION

ISBN: 9780691196312

Publisher: Princeton University Press

Format: Paperback / softback

Date Published: 19 November 2019

Country: United States

Imprint: Princeton University Press

Illustration: 31 b/w illus. 1 table.

Audience: General / adult, Tertiary education, Professional and scholarly

DIMENSIONS

Width: 156.0mm

Height: 235.0mm

Weight: 250g

Pages: 344

Collections

Avner Offer Education & Reference European History Finance & Economics Finance & Investment Gabriel Söderberg History & Archaeology History & Military Non-Fiction Politics & Current Affairs

About the Author

Avner Offer is Chichele Professor Emeritus of Economic History at the University of Oxford and a fellow of All Souls College and the British Academy. Gabriel Sderberg is a researcher in the Department of Economic History at Uppsala University in Sweden.