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Memorability of Nobel Prize laureates in economics

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  • Aloys Prinz

Abstract

In this article, a measure for the Relative Memorability of Nobel Prize winners is proposed, based on an exponential forgetting curve. The intention is to provide a measure that captures the fading nature of memories with respect to individual Nobel Prize winners in the cultural collective memory. For fame and achievement of Nobel Prize laureates, measurement methods are already developed. However, from a cultural viewpoint, the question is how well these persons are remembered. Applying the concept of memorability, as defined in this article, to Nobel laureates in Economics, Milton Friedman, Paul Krugman and Joseph Stiglitz turn out to be the top-three economists in the collective memory. Moreover, the ranking of economists according the collective memory, their fame and their achievement produce quite different results.

Suggested Citation

  • Aloys Prinz, 2017. "Memorability of Nobel Prize laureates in economics," Applied Economics Letters, Taylor & Francis Journals, vol. 24(6), pages 433-437, March.
    • Handle: RePEc:taf:apeclt:v:24:y:2017:i:6:p:433-437
    DOI: 10.1080/13504851.2016.1200176
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    References listed on IDEAS

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    1. Anouk G. P. Claes & Marc J. K. De Ceuster, 2013. "Estimating the economics Nobel Prize laureates' achievement from their fame," Applied Economics Letters, Taylor & Francis Journals, vol. 20(9), pages 884-888, June.
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    Cited by:

    1. Tom Coupé, 2022. "Who is the most sought‐after economist? Ranking economists using Google Trends," Southern Economic Journal, John Wiley & Sons, vol. 89(2), pages 611-642, October.

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