Is the “Nobel” in Economics Really a “Nobel Prize?” – How Astrology Can Obtain that Elusive Credibility.

Alfred Nobel’s will only included funding and direction for genuine sciences and for making a better world.

Mr Nobel’s will specifically directed 5 prizes for: Physics, Chemistry, Physiology or Medicine, Literature, and Peace. Consistent with that wish there was no prize for Economics (or Astrology for that matter).

But Money Always Creeps In

In 1969 the Swedish bank Sveriges Riksbank wanted to grab some prestige for moneyed interests. So they dreamed up a Economics prize. With some clever persuasion all it took was a $1 million a year gift to the genuine Nobel Foundation and – and poof — the Bank created a prize for money “economics” that most people never realize was never authorized by Alfred Nobel, the benefactor and namesake of the renowned prize.

The Swedish bank Sveriges Riksbank reportedly pays $1 million dollars a year “for administrative costs” and to have their economics prize included on the genuine Nobel Prize website.

So it appears that Astrologers, Homeopaths and Big Foot enthusiasts can now purchase that elusive credibility. Now that they know that all it takes to get a Nobel prize established – is a one million dollar a year donation to the Nobel Foundation.