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The Nobel Factor – The Prize in Economics, Social Democracy, and the Market Turn - Princeton Scholarship Online
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The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn

Avner Offer and Gabriel Söderberg

Abstract

Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969. Was it a coincidence that the prize and the rise of free-market liberalism began at the same time? This is the first book to describe the origins and power of the most important prize in economics. It tells how the prize, created by the Swedish central bank, emerged from a conflict between central bank orthodoxy and Sweden's social democracy. The aim was to use the halo of the Nobel brand to influence the future of Sweden and the rest ... More

Keywords: economics, Swedish central bank, Sweden, economic theory, deregulated markets, Nobel Prize

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780691196312
Published to Princeton Scholarship Online: May 2020 DOI:10.23943/princeton/9780691196312.001.0001

Authors

Affiliations are at time of print publication.

Avner Offer, author
University of Oxford

Gabriel Söderberg, author
Uppsala Universitet