The Nobel Factor
Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, first awarded in 1969. Avner Offer’s The Nobel Factor offers an unprecedented account of the impact of economics in the actual world: economic theory may be speculative, but its effects are tangible and powerful and the halo of the Nobel brand has sometimes led to disastrous consequences for societies striving to cope with the requirements of economic theory and deregulated markets.
Avner Offer debates the contentious history of the prize and the controversies that still surround it with Will Hutton.
Sponsored by David and Judy Dangoor.