Dear Sebastain

Technically there is no Nobel Award in Economics (subfield finance); it is the:

Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel

The AFA does not participate, much less award, in the selection of the "Nobel Prize in Economics". Most Nobel Prize Award recipients received their award many decades after their significant contribution that contributed to their receiving the award. There may be some younger scholars from LDCs who have created or discovered a seminal paper representing a theory or work such that in the future they will be awarded the Nobel Prize. Only time will tell.

Such awards & recognitions take into account a lifetime of work and achievements. I think the selection processes are fairly objective & transparent. It is a matter of time before scholars from LDCs also are recognized. Good work has to continue without searching for fame. Recognition will follow.

Dear Sebastain

I like Raymond's answer. In addition to that, winning a Nobel prize would also require focus on a specialized research area for a long time, long enough to get some breakthrough in that area. Not many people stay in one area long enough. Lack of funding reduces motivation to stay in one area long enough, and of course, the recent emphasis to do multi-disciplinary research in many universities would also make it difficult to stay in one specialized area long enough to get some breakthrough. It's easier to win these awards in the sciences, but I don't think it is easy in the social sciences. A Nobel prize is not out of reach for candidates in LDCs, you need to get your work out there, and get your voice heard in many conference (and places) that matter.

Best,

Peterson

Thank you, Prof. Peterson K. Ozili, for your answer. It will be helpful to scholars in LDCs. However, it is high time some sense of belonging be given to scholars in LDCs noting that they face extreme lack of research funding. May God help us!

There never has been a Nobel prize in finace, not ever! There is only a Novel prize in economics . Please do some research on that and then you will be satisfied.

I would classify the following recipients as having won the Nobel Prize in Economics in the field of Finance

Marowitz , Miller, Sharpe 1990

Merton, Scoles 1997

Fama, Hansen, Shiller 2013

And it could be argued that Tobin 1981 and Modigliani 1985 earned their prize in finance

Dear Prof Paul F. Gentle, I do appreciate your answer. However, when I said, Nobel Prize in Finance, I mean ''Nobel Prize in Economics in the field of Finance(ie Financial Economics). After-all, Prof Raymond S.K.Cox,said earlier in his answer, I quote verbatim, ''Technically there is no Nobel Award in Economics(sub-field of finance),...'' Therefore either way can count.

I agree w with Prof Derek Pyne's answer that conditions of service and financial support in developed make it easier for gifted researchers in the field of Economics to win Nobel Award in he area of fiance. However, this points to the fact that since two worlds exist the organizers may have to create to two Nobel Awards, one for developed and another for LDCs to encourage scholars in emerging economies.

Please I would like to get Prof Raymond A.K Cox submission on some names right. Is it Marowitz or Markowitz? Scoles or Scholes? I also support Prof Sebastine Uremadu in his submission that the Nobel Laurel organizers should think towards setting two parallel Nobel awards as there is no financing support in LDCs that can generate the level of research going on in HDCs. Thanks.

Dear Chuke Nwude, Prof Raymond A.K. Cox's submission is that ''Most Nobel Prize Award recipients received their award many decades after their significant contribution that contributed to their receiving the award''.They included these fathers of Finance study; Marowitz, Miller, Sharpe 1990. Merton, Scoles 1997. Fama, Hansen, Shiller 2013. Tobin 1981 and Modigliani 1985. Thank you, Dr Nwude. Happy Easter Holidys!

Hi Sebastion

Sorry for the misspellings in my post.Those sticky buttons on my keyboard did it!

Prof, you mean Markowitz and not Marowitz, Scholes and not Scoles?

Yes.

Yes, Markowitz and Scholes

Thank s Prof Cx for this clarifications.

Dear Prof Cox, I Laud your resourcefulness in tackling Qs in financial economics, banking and finance. I would like us to collaborate, send me your contact via [email protected](emailto). Thank you.

Okay, I will email thru yahoo

Thank you, Prof! Kindly look at a recent Q just posted on life/religion and see if you can attempt some answer.

Dear Sebastain

RG only sends me questions that they say matches my expertise. I do not know where the Question section for life/religion is located.

OK, you can google search on ''Sebastian Uremadu asked a question on Personalization'' to see if it can be thrown up. Thank you

The American Finance Association (AFA) does not award the Nobel Prize and does not even participate in the process of this award. To get this award, you need first to be nominated based on the contribution of your research. Once nominated, your research is evaluated by a team of experts in your area. It is an objective scientific evaluation which does not take into consideration your country of origin and the color of your skin. What matters is how your research has contributed in improving our understanding of a phenomenon and/or improving some aspects of our social welfare.

Ok, Prof Ako Doffou, thanks for your answer, however, how does the nomination of a candidate start and who would be those to nominate him or her?

Thank you Prof Derek Pyne for the information just sent to me Our hope is that one day an African win Nobel Laurete in EconomicsSciences.

Then that is a cheering news indeed!

Yes, Arthur Lewis, being a Saint Lucian descendant of Africans grew up in the west and no doubt must have been assisted by western facilities and environment that are deficient in Africa.In African you may have the talent and resourcefulness for executing huge and deeper researches but could always be hampered by lack of financial and other resources to go very far. Due to these disadvantages 50 years as a benchmark before a candidate is nominated and other rigid parameters may be reduced for LDCs nomination. I may be forced to support Prof Chuke Nwude's recommendation/advocacy that a parallel Nobel Prize Award may be set by the organizers for disadvantaged countries in a bipolar world. Aserious thought has to be given to this in e bid to encourage hard working researchers from LDCs.

It is high time a special consideration that takes into consideration constraints faced by third world countries is taken for Nobel Prize Award in science. Don't you think so?