19 Oct 2013 - The Nobel prize for economics remains separate from the main prizes, and so it should, as the namesake was a scientist and economics is categorically not.

The Nobel prize in economics isn’t really a Nobel prize. There are five of those – in physics, chemistry, medicine, literature and peace. These “true Nobels” have been awarded since 1895, the year before the death of Alfred Nobel – the Swedish industrialist who made his fortune, famously, by inventing and selling dynamite.

 It was only in 1969 that the Swedish Central Bank began dishing out a medal each year for research in economics, awarded in Nobel’s name. It remains separate from the main prizes established in his will – and so it should. That’s because Nobel was a scientist – and economics, categorically, is no science.

To read the complete article, please visit The Telegraph