• Is the Nobel Prize Good for Science? - Facts So Romantic

    Yesterday, CNN Money published an article headlined, “Nobel prize winner tells Clinton: Tax fossil fuels.” The winner in question was Joseph Stiglitz, an economist at Columbia University, who received the prize 15 years ago. As you might expect, the Nobel is hardly his only accolade. He’s not only the World Bank’s former chief economist and the former chairman of the United States President’s Council of Economic Advisers; Stiglitz is also, as of last month, the third most influential economist in the world (based on academic citations). The Nobel Prize is clearly a motivator for scientists, and a useful handle for those of us looking for an authority in a subject. It was perfectly reasonable for CNN Money to extend Stiglitz the cachet that comes with winning the Nobel. But other than (...)