12 October 2009

Obama Denied Nobel Prize in Economics

In a decision as shocking as Friday's surprise peace prize win, President Obama failed to win the Nobel Memorial Prize in Economic Sciences Monday. _Marketwatch
US President Barack Obama had hoped to win two more Nobel prizes this year -- in economics and in literature.The prize for literature, alas, went to German Herta Muller ("I never heard of her", said Obama). The economics prize went to Americans Elinor Ostrom and Oliver E. Williamson.
Ostrom, a political-science professor at Indiana University in Bloomington, is the first woman to win the prize in economics, which was established in 1968.

Her work "has challenged the conventional wisdom that common property is poorly managed and should be completely privatized or regulated by central authorities," the academy said.

Williamson, professor emeritus at the University of California Berkeley, has developed a theory where business firms serve as structures for conflict resolution.

Their work over the last three decades has "advanced economic governance research from the fringe to the forefront of scientific attention," the academy said. _Marketwatch
So far, the Nobel Prize Committee has refused to explain itself. Of course Obama and most of his close followers (O.Z. s) believe that a single Nobel Prize does not adequately represent Obama's achievements -- let alone his potential.

It is possible that this apparent misstep by the committee was actually intentional. Perhaps the committee intends to award Mr. Obama a single Nobel prize for each year he is in the White House. This approach would make more sense politically, since every active US President needs extra support this time of year -- just before elections. Such a more conservative year by year parceling of prizes to Obama may actually work in his political favour.

You may wonder what other prizes Obama might qualify for besides Peace, Literature, and Economics? Relax. It's not exactly clear that Mr. Obama qualifies for those three, let alone any of the others. When it comes to politics, qualifications simply do not signify.

Labels: ,

Bookmark and Share


Blogger kurt9 said...

The non-scientific Nobel prizes have always been considered a bit of a joke.

Monday, 12 October, 2009  
Blogger al fin said...

Too bad there is no Nobel Prize for mathematics. Obama's creative budgeting projections would win easily.

Monday, 12 October, 2009  
Blogger Bruce Hall said...

My reaction was similar although I had not read the Marketwatch article which was posted about the time I was writing mine:


Tuesday, 13 October, 2009  
Blogger al fin said...

Yes, Bruce. So funny it makes tears flow.

Tuesday, 13 October, 2009  
Anonymous Anonymous said...

Some people think that the prize was given to Obama as a way of preempting a war with Iran. In 2005 the committee gave the award to the International Atomic Energy Agency and its director.

And let us never forget, Al Gore won a Nobel for his work on global warming.

Monday, 19 October, 2009  

Post a Comment

“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

<< Home

Newer Posts Older Posts