The Nobel Prize in Economics is one of the most prostegious annual awards in the world. The list of past recipients is a who's who of giants in the field of economics. Recently, Quintus Pfuffnick was awarded the Nobel Prize in Economics for 2009. The following is the Associated Press account of this important event.
From the Associated Press (with some light editing):
Pfuffnick's Nobel Economics Prize triumph hailed by many
LONDON — The surprise choice of first-year graduate student Quintus Pfuffnick for the Nobel Prize in Economics drew praise from much of the world Friday even as many pointed out the youthful economist has not yet published anything in scholarly journals.
The new PhD candidate was hailed for his willingness to tackle difficult problems, his commitment to improving the economic system, and his goal of bringing efficiency and equality into harmony.
Professor Paul Krugman of Princeton, who won the prize in 2008, said Pfuffnick's award shows great things are expected from him in the coming years.
"In a way, it's an award coming near the beginning of the first year in grad school of a relatively young economist that anticipates an even greater contribution towards making our economy a better place for all," he said. "It is an award that speaks to the promise of Mr Pfuffnick's message of hope."
He said the prize is a "wonderful recognition of Pfuffnick's essay in his grad school application."
OK, you got me! This story is a spoof of President Obama's Nobel Peace Price that I found on the blog of Greg Mankiw, a Harvard University economist.
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