Why do Americans dominate the Nobel Prize in Economics?

Since the Nobel Prize was first awarded in 1969, about 80% of the recipients are American citizens. Why is that?

>>>Nobel Economics 2013 belongs to Americans

The first Nobel Prize in Economics was awarded to Ragnar Frisch, Norwegian economist, and Jan Tinbergen, the Dutch. Then a series of famous American economists, sometimes alternating with some European or Asian economists. Of the 27 economists who have won the recent Nobel Prize in Economics, 26 are teaching at American universities.'Strange objects ' are listed on the list of Nobel laureates economists Christopher Pissarides (2010), expert on growth and the Greek-English labor market. The only Nobel Prize in Economics for German economist was awarded nearly 20 years ago to game theorist Reinhard Selten.

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Why do US economists have a position in the Nobel Prize for Economics?The reason is that the meaning of social sciences such as economics in America is much greater than in Europe. So the amount of investment for research is also larger. "If Europeans are not better equipped for teaching and research on the national economy, it will not be possible to change the dominance of the United States for many decades," said economist Rüdiger Bachmann in Aachen (Germany). ), who for many years worked in research and teaching in the United States, voiced criticism last year. Shortly after this idea, the Nobel Prize fell into the hands of two American experts Alvin Roth and Lloyd Shapley.

German universities pay special attention to engineering and natural sciences. While the national economy in many places is treated like 'stepchild'.

Before this year's Nobel Prize for Economics was announced, there were also people predicting that Mr. Ernst Fehr, professor of microeconomics and experimental economic research at Zürich University, will win the prize.

This Austrian scientist is the most cited economist in the German-speaking bloc and a pioneer in behavioral economics, when analyzing economic behavior he also uses the knowledge of adjacent science subjects such as psychology and biology. With in-room experiments and field research he proved that assuming reasonable human behavior is based in large part on economic theories, he thinks this assertion is absent. Department. Fehr argues that factors such as fairness, altruism and reciprocity (reciprocity) play an important role in economic decision making.

However, the results of the Royal Swedish Academy of Sciences announced on October 14 again confirmed the dominance of American economists in the Nobel Prize in Economics.