Post Tagged with: "mirowski"

Philip Mirowski on the Nobel (or Swedish Central Bank) prize in Economics

Philip Mirowski on the Nobel (or Swedish Central Bank) prize in Economics

Philip Mirowski in a free-flowing dialogue talks a little bit about his latest research: a history of the Nobel Prize in Economics (or rather, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel).  In his capsule summary, he suggests that the Nobel Prize was instituted at a time when the Swedish Central Bank was trying to free itself of democratic accountability, and that therefore, the Prize served to legitimate the Central Bank itself as a technical rather than a political body.  [The Central Bank is certainly one of the most politically puzzling institutions in modern capitalist democracies.  […]