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w4: Post-crisis economics III /2548

Topic 1

Lecture handouts

Some follow through on the prize discussion

Shown at the beginning of week 5 lecture: Duflo, E and Banerjee, A (2019), If we’re serious about changing the world, we need a better kind of economics to do it, The Guardian, Oct 30th

I did mention Mariana Mazzucato in the lecture today and I’ve found this:

Mariana Mazzucato wins inaugural ‘Not the Nobel’ prize (from Promoting Economic Pluralism)

RePEc also does rankings (by citation essentially and have a ranking of the Top 10% Female Economists, as of September 2019. IWPR have also recently published a report on Women of Color in Economics and Sociology: Poor Climate, Unequal Treatment, and Lack of Legitimacy (which raises some parallel concerns to the Javdani and Chang case article).

Manchester students have (as of last year) started a Diversifying Economics society.

Lecture reading

* The Royal Swedish Academy of Sciences (2019), Sveriges Riksbank Prize in Economic Sciences *


Cassidy, J (2009), How markets fail – The logic of economic calamities, London: Penguin books

INET interview with Philip Mirowski on the impact of the Economics ‘Nobel’ on the discipline

Luyendijk, Joris (2015b), Don’t let the Nobel prize fool you. Economics is not a science, The Guardian, Oct 11th

Offer, A (2016), The Nobel prize in economics takes too little account of social democracy, The Guardian, Oct 10th

Shiller, R (2017), Richard Thaler is a controversial Nobel prize winner – but a deserving one, The Guardian, Oct 11th
See also: New York Times (2006), A history of home values [graphic], New York Times, Aug 26th [which reflects Robert Shiller’s work]; and The Economist (2011a), Between a rock and a living space, The Economist, Mar 3rd

Smith, Y (2019), Impoverished Economics? Unpacking the Economics Nobel Prize, Naked Capitalism blog, Oct 19th

Venook, J (2016), The Political Slant of the Nobel Prize in Economics, The Atlantic, Oct 9th [interview with Avner Offer]

Wikipedia (2019), List of Nobel Memorial Prize laureates in Economics,


Case, K and Shiller, R (2003), IS THERE A BUBBLE IN THE HOUSING MARKET?, Brookings Papers on Economic Activity, 2 pp299-362

The Economist (2012), Game, set and match [on Roth and Shapley], The Economist, Oct 20th

The Economist (2014), It’s complicated [on Tirole], The Economist, Oct 14th

The Economist (2015), Reality cheque [on Deaton], The Economist, Oct 17th

The Economist (2016), Oliver Hart and Bengt Holmstrom win the Nobel prize for economic sciences, The Economist Free Exchange blog, Oct 10th

The Economist (2017), Richard Thaler’s work demonstrates why economics is hard, The Economist Free Exchange blog, Oct 11th

Elliott, L (2018), US economists win Nobel prize for work on climate and growth, The Guardian, Oct 8th

Elliott, L and Moulds, J (2012) , Nobel prize for economics won by Alvin Roth and Lloyd Shapley, The Guardian, Oct 15th

Inman, P and Kollewe, J (2010), Peter Diamond, Dale Mortensen and Christopher Pissarides share economics Nobel prize for jobs study, The Guardian, Oct 11th

Inman, P (2013), American trio share Nobel economics prize for work on asset prices, The Guardian, Oct 14th

Inman, P (2015), Angus Deaton wins Nobel prize in economics, The Guardian, Oct 12th

Inman, P (2019), Economics Nobel prize won by academics for tackling poverty, The Guardian, Oct 14th

Partington, R (2017), Nobel prize in economics awarded to Richard Thaler, The Guardian, Oct 11th

Priluck, J (2019), Congratulations, Esther Duflo. The world needs more female economists, The Guardian, Oct 16th