The Grumpy Economist

My first post described a few anecdotes about what a warm person Bob Lucas was, and such a great colleague. Here I describe a little bit of...

 (At National Review ) What This Year’s Nobel Economists Can Teach Us about Financial Crises This week, economists are celebrating the Nobel...

Nobel Prize season is around the corner. Last year, I blogged in favor of Tom Sowell . I update, with some edits.  Dear Nobel Committee: How...

There is less than a week to go before the Economics Nobel Prize.  Dear Nobel Committee: How can you not give the prize to Tom Sowell this ...

A correspondent sends me this gem from Tom Sowell:  This was written in 1995. So no, he was not talking about any of the great causes that i...

Covid has really hurt the annual Nobel Prize gossip in economics circles. Here's my guess: Claudia Goldin and Tom Sowell.  The last seve...

Coleman Hughes writes a wonderful review of Thomas Sowell 's life and work in City Journal. Savor it. My first Sowell book was Knowledge...

I gave a short presentation on monetary policy at the Nobel Symposium run by the Swedish House of Finance. It was an amazing conference, a...

Source: Institutional Investor Cliff Asness and John Liew -- Chicago PhD's and now founding principals of AQR -- have a nice piece i...

Back in 2008, Gene Fama made a nice video for the American Finance Association on the history of the efficient markets hypothesis. The vi...

It was my great pleasure -- and honor -- to attend this year's Nobel prize ceremonies. It started with the Nobel prize lectures, whi...

Spanish translation of my blog post on Lars Hansen's Nobel Prize El premio Nobel de Lars Hansen (traducción al español de Pedro Cerv...

Shawn Tully at Fortune wrote a very thoughtful piece describing Gene Fama's research and views on efficient markets. The version I saw...

Pedro Cervera kindly translated my short piece on Gene Fama's Nobel prize , which will appear in "Estrategia Financiera" next ...

This is a link to the "Work Behind the Prize" event from Monday Nov 4. Our charge was, explain to the community of scholars at t...

This afternoon (Monday November 4) a panel of four will try to explain the research that Gene Fama and Lars Hansen did to win the Nobel Pr...

As with Lars Hansen and Gene Fama, Bob Shiller has also produced a span of interesting innovative work, that I can't possibly cover here...

Lars has done so much  deep and pathbreaking research, that I can't begin to even list it, to say nothing of explain the small part of i...

The Nobel Committee's " Understanding Asset Prices " "scientific background" paper for the Fama, Hansen, Shiller awa...

(For a pdf version click  here .) Photo: Elizabeth Fama Gene Fama’s Nobel Prize Efficient Markets Gene’s first really famous contr...