It's not only possible, but likely that the Nobel Prize in economics will go in alternate years to people who disagree on nearly everything fundamental.
National Review once opined, many years ago, that, every year, the Nobel peace prize should go to the U.S. secretary of defense: The American military is the number-one guarantor of peace in the world. But maybe something like a Nobel freedom prize would be a more appropriate award for Reagan than a peace prize.
I think the Nobel Prize helps for a number of reasons. Number one, if I can be frank, there is these people will feel by getting a Nobel Prize that I'm one of them, that it is possible to contribute on the world map of science and technology. And the other thing also which I'm hoping for is that the government in Egypt is willing and interested in promoting science and technology and this is an ideal time now to be able to do something.
I think it is true to say that I am not the first Nobel Prize winner in economics to have little formal training in economics.
I'm not sure whether I could win a Nobel Prize or not, but the Nobel Committee called me, and, 'You got the Nobel Prize.' So, I was so, so happy, and I was so surprised.
I was absolutely convinced that I wouldn't win the Nobel Prize. My impression was that the Nobel Prize in Literature was given to people more or less affiliated with, let's say, socialist ideas, and that was not my case.
The Nobel Prize is worth $1.5 million, but that's not the issue. Do the distinguished scientists who win the Nobel Prize need the money? Probably not. The honor is more important the money, and that's the case with the prize for African leadership as well.
It is a remarkable honor to receive a Nobel Prize, because it not only recognizes discoveries, but also their usefulness to the advancement of fundamental science.
The Nobel Prize in Economics is an incredible recognition for the work that my students, colleagues and I have done over the years. We all worked hard, but we were also lucky that the financial applications were so important.
I had the privilege of knowing and working with Norman Borlaug - who has been aptly described by the Nobel Peace Prize Committee as the greatest hunger fighter of our time - for nearly 50 years.
The Nobel prize is unquestionably the most famous prize in the world, and very often, the prize is an object of prestige not only for a person but also for a research center, a country, or for a particular area of interest.
The Nobel Prize confers on an individual an authority which in economics no man ought to possess.
The Nobel Prize is not very important for the winners - they are usually pretty successful people already. But it is valuable as a way of drawing the public's attention to important work in economics.
Maybe if you win a Nobel Prize in economics, you make a lot of money by giving talks... but not in my area.
If you look at the recent Nobel Prize winners, one couldn't say that the work didn't matter and the political commitment did. Who had ever heard of the Egyptian writer Naguib Mahfouz? He is not politically involved. Octavio Paz is a great poet, also not politically involved. The Nobel Prize is for literature, for the quality of work over the years.
When, over fifty years ago, I first became interested in economics - as a discipline that provided the key to social structure and social problems - it never crossed my mind that one day I might be the honored recipient of a Nobel Memorial Prize.
With the variety of fields within economics, broadly conceived and the increasing specialization of scholarly world, the award of a Nobel Memorial Prize honors not only the individual scholar but, implicitly, also a special field or a distinctive method.