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Noah Smith

Five Economists Whose Work Is Worthy of a Nobel

Their research and ideas have helped us understand how the world works.

Who’s next?

Who’s next?

Photographer: Pascal Le Segretain/WireImage

Once again it’s October, which means it’s time to debate whether the economics Nobel prize is a real Nobel or an impostor. And once that tired argument is duly rehashed, we can proceed to the more interesting topic -- who might win, and how their ideas help us understand the world. Here are five strong candidates for this year’s award:

No. 1. The New Keynesians