Pygmies and giants

Trigger warning: Today’s post is deliberately provocative and inflammatory! Instead of recognizing an econ giant like Richard A. Posner or Thomas Sowell (while they are still living), the 2026 Nobel Prize in “economic sciences” went to Robert Hall (Stanford) and Michael Woodford (Columbia). Alas, this year’s prize will be all but forgotten by the end of this week, if not sooner. Really?