Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, Oct 18, 2009

Nobel Prize in Economics but not in Mathematics

Filed under: Random Thoughts — admin @ 12:38 am

This year’s Nobel economics prize goes to Elinor Ostrom and another American economist, the first time that a woman is thus awarded. This brought up an interesting fact about the history of Nobel Prize, that is, a question that many people have tried to answer — why we don’t have a Nobel Prize in mathematics so far.

There have been some explanations for this question, many of them are romantic in nature regarding the founder of the prize, Alfred Nobel. A look at the history of prize in economics will invalidate any explanation of this kind.

So far we have Nobel in Peace, Physics, Chemistry, Physiology or Medicine, Literature, and Economics. Award to economists started only in 1969, not one of the five Nobel Prizes established by the will of Alfred Nobel in 1895. This is to say a prize in mathematics or in any field is always a possibility if a mathematician has prove him/herself worthy of it.

One step forward, isn’t it not too far from truth if people can always come up with some explanations when they have not convinced the world with their achievements as economists did in 1969?

For me I know it is always tougher to blame ourselves than blaming others.

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