Nobel causes

A compelling book suggests that the Nobel Prize in Economics may not be a true measure of merit

This is a rather mean book to read. Not unless you are one of those who has little faith in the gobbledygook that economists mouth — then it is a cathartic experience. Written by Avner Offer, Chichele Professor Emeritus of Economic History at the University of Oxford, and Gabriel Soderberg, a researcher in the Department of Economic History at Uppasal University in Sweden, the book is the story of how the so-called Nobel Prize for Economics came into existence and how it, according to the authors, was corrupted by political biases and ended up turning in favour of the “market”.