Press Release
10 October 2011
The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2011 to
Scott B. Sumner
Bentley University, Waltham, Massachusetts, USA
“for his work on economic history, monetary theory and market based monetary policy rules”
…ok that’s just a dream, but it would be pretty cool wouldn’t it? But since Scott likes prediction markets what do you think the odds are that this dream will come through within the next five years? And what are the reasons for these odds?
The Market Monetarist 
Dustin
/ October 8, 2011That would be very cool.
Unfortunately, the odds are someplace between slim and none.
Peter
/ October 8, 2011I’ll repeat my prediction here. We will get NGDP level targeting in 5 years and Scott will get the Nobel prize in 15 years.
Benjamin Cole
/ October 9, 2011The Internet is remarkable in many regards, and one regard is the rapid dissemination of knowledge or ideas. I have wondered if the physical and applied sciences are evolving more rapidly, as findings are posted online before the lengthy review process of journals and meetings. This seems to be happening in the energy sector, btw.
Thanks to his intellect, his great idea, and the Internet, Scott Sumner has rocketed to national and international prominence (officially, the NY Times said so).
I say it is 50/50 we get NGDP in two years, and if it works, Sumner is a shoo-in. I dearly hope the Royal Academy selects Sumner not only for his extraordinary contributions, but to make a statement that it is not the forum nor the credentials that matter, but the ideas.
I I hope I get a small bronze medal from the Royal Academy, for doing PR for Sumner.