Thursday, 19 March 2009

Nobel Prize For Economics

The Nobel Prize in Economics 2006 went to Edmund S. Phelps of Columbia University for his analysis of intertemporal tradeoffs in macroeconomic policy.

The Nobel Prize in Economics 2007 was shared between Leonid Hurwicz of the University of Minnesota , Eric S. Maskin from the Institute for Advanced Study, Princeton and Roger B. Myerson of the University of Chicago for having laid the foundations of mechanism design theory.

The Nobel Prize in Economics 2008 went to Paul Krugman of Princeton University for his analysis of trade patterns and location of economic activity.

The Nobel Prize in Economics 2009 goes to.......Gordon Brown? Let me check, it isn't April 1st is it? It's still March! According to an article I've just read on line (See link at the bottom of this post) Gordon Brown is being mentioned as a possible Nobel Prize Nomination for Economics. I can see the nomination now!

The Nobel Prize in Economics 2009 goes to Gordon Brown for "his single handed trashing of the UK Pension Industry, presiding over the biggest crash in UK Banking EVER and for saddling the future generations of British Taxpayers with a debt so huge they will probably never be able to pay it off."

I suppose Gordon Brown getting the Nobel Prize for Economics is no worse than huge Bonuses being paid the bankers who have had to be bailed out by the taxpayer, or Fred the Shred's Enormous Pension. Apparently the story starts with the Vatican's favorite economist, Ettori Gotti Tedeschi, who is hugely impressed with Brown's moral fibre. When Brown met the Pope last month he said that without G20 action to tackle the crisis an extra 2.8 million children could die before their fifth birthday between now and 2015. Last month, the Pope himself came up with a moral denunciation of the American bankers that Brown has himself attacked as "irresponsible".

Tony Blair must be furious. Gordon Brown getting an endorsement from the Vatican! Could you make it up?


  1. But didn't Paul Krugman the 2008 winner (and someone who obviously knows what he's talking about) sing Gordon's praises. It was he who said "Gordon Brown may very well have saved the world's economy".

  2. Well it all depends on who you listen to. According to a report in today's Guardian ( Angela Merkel, the German chancellor has totally rejected Gordon Brown's plans. Merkel insists any global recovery plan should rein in the markets as it's not time to look at more growth measures.

    Last night the EU's 27 leaders acknowledged the scale of the crisis threatening to blow both the bloc and the 16-strong eurozone apart.

    Merkel has the support of the French president, Nicolas Sarkozy with the Germans admitted that their economic contraction could be worse than the 2.25% forecast - and France admitted it faced its worst slump for 30 years, with the economy likely to decline by 3%.