Nobel in Economics

So as you know this year’s prize goes to Krugman and rightly so. But it is also interesting to see that the Nobel committee is not above popular perceptions. In awarding the prize for work in international trade it conveniently forgot Jagdish Bhagwati and Avinash Dixit.

Bhagwati should have got it in his own right, though its diffcult to put your finger on one particular contribution. Dixit should have got it becasue Krugman would not have got it in first place if Dixit did not write that paper with Stiglitz!

So its important to do good work, but its probably more important to make your presence felt!

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