Analysis: "A radical choice if she wins the economy prize today"

The Nobel Prize in Economics is formally named the Swedish Riksbank's prize in economic science in memory of Alfred Nobel.

If you are a man, 60+ and from the US, the likelihood that you will receive the Nobel Prize increases. Traditionally, a male theorist whose economic theory has been tried for many years has been rewarded. Only once has a woman, Elinor Ostrom, been awarded the Nobel Prize in Economics. That was 2009.

As usual, Professor of Economics Hubert Fromlet at Linnaeus University strikes a blow because it should be a woman's turn this year and preferably someone who draws their conclusions from empiricism, from reality.

Based on previous award winners, it would be a radical choice if the Nobel Prize Committee went his way and gave the award to the development economist Esther Duflo at Harvard University in the United States. She has developed field studies in developing countries to find the causes of poverty. Her age, just 47 years, can also lie in the barrel.

One of the great challenges of our time is how robots, artificial intelligence and automation affect our society. Should the Nobel Prize committee want to draw attention to a social economist who focused on it, Daron Acemoglu at MIT is a popular choice. He has a broad research on how society's political and economic rules affect a country's economy to how industrial robots both lower wages and reduce the number of employees.

Another researcher who is also interested in how technology and economics work together is the micro economist Susan Athey at Stanford University.

But the question is not so much who the Royal Academy of Sciences wants to reward, but what kind of economic science they put in place this year. And it remains to be seen.