Word: nobelity
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...shared the award for negotiating a cease-fire that ended U.S. involvement in the Vietnam War--despite Kissinger's role in the secret bombing of Cambodia. (Tho rejected his award, the only person to do so, saying there was no peace in his country.) One Nobel Committee member resigned in protest over Yasser Arafat's 1994 win, calling the Palestinian leader a "terrorist." Even Joseph Stalin was nominated twice for his efforts to end World...
Much has been made of Obama's seemingly premature win and the committee's vague reasoning (he promoted "international diplomacy and cooperation between peoples"). Unfortunately, those seeking answers are out of luck: Nobel documents are sealed for 50 years...
...empirical testing. His standard line is that he's not smart enough for macro. But he's been smart enough to avoid it - and to win, in 2003, the John Bates Clark Medal, an award for the top under-40 American economist that is often the precursor to a Nobel (no, he's not really a "rogue economist"). His work also caught writer Dubner's attention, which led to the 2003 article in the New York Times Magazine that spawned Freakonomics...
Levitt describes his favored subject matter as "questions that are too embarrassing and degrading for other economists to find interesting." The pioneer at using economic methods to explore subjects not normally seen as economic was Levitt's Chicago mentor, Gary Becker, who won a Nobel in 1992 for his work on marriage, crime and other topics. A few years ago, another economist applauded this work as "economic imperialism" because it invaded realms dominated by sociologists and political scientists...
Levitt makes for an awfully diffident imperialist. When half of this year's economics Nobel went to a political scientist, he wrote that "the prize is moving toward a Nobel in social science, not a Nobel in economics." But his belief in the power of economic methods remains strong. "For me, being anchored in the data is the most important thing," Levitt says. "It's about applying data in an unemotional way to emotional issues...