Nobel economics prize goes to researchers of prosperity

but a later addition established and funded by Sweden's central bank in 1968.

Past winners include a host of influential thinkers such as Milton Friedman, John Nash - played by actor Russell Crowe in the 2001 film "A Beautiful Mind" - and, more recently, former U.S. Federal Reserve Chairman Ben Bernanke.

Exactly.

Financial interests wanted to be given the imprimatur of scientific advancement to their innovations like trickle down economics and banker bailouts.

A hijacking of the Nobel legacy.

The subject matter mirrors the area of study in my own Master's Thesis on the effects of socio-political stability on economic growth and prosperity.

Financial interests wanted to be given the imprimatur of scientific advancement to their innovations like trickle down economics and banker bailouts.

A hijacking of the Nobel legacy.

It is obvious you have spent no time reading any of the landmark research in economics or understand the points the researchers made. Economist come in all political persuasions. The research in question sought to understand why some nations develop and prosper while others do not. Their conclusion in part states that nations who's former colonial masters left them with well functioning institutions did better than those who left their colonies a mess. My own Master''s Thesis sought to show that nations that are peaceful and stable tend to be wealthier than those suffering instability. Coming up with measures of stability and instability and then finding data is not such an easy thing and in my own case my data was only mildly conclusive (low R-squared values). No Nobel Prize for me :/ But seriously studies like this shed much light on why some nations suffer in poverty and shine a light on the path out of the rut they are in. To my way of thinking such studies are beneficial to mankind.