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Hello. The best economists around the world will look at their phones with nervousness today, or set their alarm clock a little earlier than usual.
Because, around 10:45 pm, UK time, someone will win the biggest prize in economics.
The Nobel Memorial Prize in Economics is of course not one of the first. The money does not come from the Nobel family of the arms trade, nor is it one of the original awards conferred by Alfred Nobel.
Instead, it is the creation of the Swedish central bank, designed to bring glamor and recognition to the often criticized sphere of the economy.
So anyone who complains about not being a real Nobel can stay after class and clean up the erasers.
Maxime Sbaihi
(@MxSba)#Nobel prize in economy announced today! Here is a very practical anti-troll cartoon warning. Forget the format, it's the winner that counts. pic.twitter.com/FjOd81cY5q
The award has rewarded some of the biggest names and brightest ideas since Ragnar Frisch and Jan Tinbergen shared first prize in 1969.
Since then, John Hicks, Friedrich Hayek, James Tobin, John Nash, Joe Stiglitz and Paul Krugman have all received this valuable phone call from Sweden.
Last year, the award was given to American academic Richard Thaler, who helped popularize the idea of "getting people" to do what is best for them. Angus Deaton, for his work on inequality, and Jean Tirole, for his analysis of monopolies and how to combat them.
Personally, I never really exceeded 2013, when Eugene Fama (the father of the efficient market hypothesis) shared the price with Robert Shiller (who proved that the markets were not very effective, finally).
This year's winner (s) will be announced shortly after 10:45 UK time (11:45 in Stockholm).
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