Speculation Rife Over Nobel Prize for Economics

Summary


STOCKHOLM, Sweden - Given the churning turmoil of global markets sparked by the U.S. subprime crisis, soaring oil prices and a renewed strength by foreign currencies, it might seem appropriate that any of those issues could figure in determining the winner of this year's Nobel economics prize.

But, say watchers of the secretive prize, that's too tough a call to make given that the people who ultimately decide the winner - or, in years past, winners - tend to favor economic theories that have had time to take root, grow and prove resilient.

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Speculation Rife Over Nobel Prize for Economics

"It is so hard to predict. Last year it went to the labor market area, so perhaps it will be statistics this time, but then again the securities market hasn't won for about 10...

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