"OCTOBER 20, 2011
BY MARTIN HUTCHINSON, Global Investing Strategist, Money Morning
The Nobel Prize in Economics was awarded Oct. 10. It went to Christopher Sims and Thomas Sargent - two fairly obscure economists whose main work was on rational expectations theory.
That followed by five days the death of Steve Jobs, whom the Nobel Prize committee never recognized in any way.
That hardly seems fair, to me.
Jobs made billions of dollars, built the most recognizable global brand since The Coca-Cola Co. (NYSE: KO), and revolutionized the way we consume media. Sims and Sargent, though certainly brilliant, hardly contributed as much.
So why don't the Nobel Prize committee award a Nobel Business Prize annually?
The Nobel Foundation wouldn't even have to offer up very much prize money, since presumably any businessman worthy of the prize would already be rich."
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