On Monday, 13 October 2014, at 11.45 am, the winner of the 2014 Nobel Prize in Economics will be announced (yes, we know it is officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel but that’s not the focus of this post). Some have said that the prize should go to Thomas Piketty, for his best-selling, important and highly influential book Capital in the twenty-first century. I, too, think this is a great book, for a variety of reasons.
But there is another inequality economist who is at least equally, and arguably much more deserving of the Nobel prize, and that is Anthony B. (Tony) Atkinson. For close readers of Piketty’s work, this claim shouldn’t be surprising, since Piketty credits Atkinson with “being a model for me during my graduate school days, [and Atkinson] was the first reader of my historical work on inequality in France and immediately took up the British case as well as a number of other countries” (Capital, vii). In a recent interview with Nick Pearce and Martin O’Neill which was published in Juncture, Thomas Piketty calls Tony Atkinson “the Godfather of historical studies on income and wealth” (p. 8). So my hunch is that Piketty would endorse the claim that if the Nobel Prize were awarded to welfare economics/inequality measurement, that Atkinson should get the Nobel Prize.
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