Connect with us

Hi, what are you looking for?

Jewish Business News

Life-Style Health

Simon Kuznet’s 1971 Nobel Prize in Economics Hits the Auction Block

Simon Kuznet’s 1971 Nobel Prize is the first Nobel for Economics to go on sale

Simon Kuznets

It is only the fifth Nobel Prize to be auctioned and the first for Economic Sciences. The Nobel Prize awarded in 1971 to Simon Kuznet is going to be auctioned by Nate D. Sanders Auctions on February 26, and those bidding will do so online, according to a press release, and will begin at $150, 000.

Kuznet was a Columbia educated Harvard economist who developed the concept of Gross National Product as it is used today. The measurement, which uses macro economic factors, is also used worldwide. Kuznets was given the award on, “empirically founded interpretations of economic growth, which has led to new and deepened insight into economic and social structure and process of development.”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

James Watson, who along with Francis Crick, discovered the sequence of human DNA, and he was the first living recipient of a Nobel Prize to sell it in December. Watson was awarded the Nobel in 1962. Alisher Usmanov, then Russia’s richest man, purchased the Nobel Prize for $4.7 million so he could give the award back to Watson. He said he sold the award not out of financial desperation, but for charity, since he felt like an “unperson” after remarks he made about genetics and race causes controversy.

Usmanov said, “In my opinion, a situation in which an outstanding scientist has to sell a medal recognizing his achievements is unacceptable. James Watson is one of the greatest biologists in the history of mankind and his award for the discovery of DNA structure must belong to him.” Usmanov, who is Muslim, married Jewish rhythmic gymnastics coach Irina Viner in 1992.

 

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...