It's Nobel Prize season again. Here are my choices, but these are not predictions about who will win.
- Regular readers of EclectEcon know that I have long favoured giving the Nobel Prize in economics (I know, I know, that's not the full title of the prize) to Richard Posner. I tout him as my favourite at the top of the blog because of his amazing path-breaking work in applying price theory to the field of law and economics. Over the past five-plus years, though, he revealed some inexplicable Keynesian tendencies, which has led me possibly to favour
- Deirdre McCloskey. She is another brilliant price theorist who has applied the concepts effectively to help understand growth, development, capitalism, and bureaucracies, often in an historical context. I cited some of her work here, nearly 11 years ago.
- My third choice is Jagdish Bhagwati. He was a pioneer in international trade theory.
I doubt if any of these three is a close candidate, but McCloskey might have the best chance of the three.