<p>I have never understood why economics has nobel prizes. They are absolutely useless except for some reason the winners are put on a pedestal and write crap for newspapers and journals. There is one who writes absolute non-sense for NYT.</p>
<p>"Economics was not on Nobel’s original list of prize disciplines. The Bank of Sweden created it in 1969. Although governed by the same rules as the others, this prize was criticized by many, including members of the Nobel Family, for violating Nobel’s intent. As of 2010, faculty of the University of Chicago had garnered nine Prizes—far more than any other university. "</p>
<p><a href=“http://en.wikipedia.org/wiki/Nobel_Prize_controversies[/url]”>http://en.wikipedia.org/wiki/Nobel_Prize_controversies</a></p>
<p>Leave it to a bank to make up a nobel prize for economics.</p>
<p>Apparently, Chicago’s 26 prizes are not all for economics.</p>