Wednesday, October 17, 2012

Which is more like to win the Nobel Prize for Economics - Microeconomics or Macroeconomics?

The Nobel Prize was just awarded two days ago to two researchers in the field of Matching Theory, which has been used to match medical students to hospitals, and kidney patients to donors. Awesome stuff.

The most recent prize went to Microeconomics, then. However, Macroeconomics, historically, has had the largest haul, winning 43% of all Nobel Prizes since 1969. Microeconomics comes in at a close second, at 39%, while Econometrics and General Economics garnered a paltry 7% and 11% respectively. Should any aspiring Nobel Prize economist look towards Macroeconomics then?