Avner Offer and Will Hutton: The Nobel Factor
Chair: Will Hutton
Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, first awarded in 1969. Avner Offer’s The Nobel Factor offers an unprecedented account of the impact of economics in the actual world: economic theory may be speculative, but its effects are tangible and powerful and the halo of the Nobel brand has sometimes led to disastrous consequences for societies striving to cope with the requirements of economic theory and deregulated markets.
Avner Offer debates the contentious history of the prize and the controversies that still surround it with Will Hutton.
Avner Offer is Chichele Professor of Economic History, University of Oxford, and Fellow of All Souls College, Emeritus. He has published on international political economy, law, the First World War and land tenure. He is appearing twice at the festival for his recent books.
Will Hutton has written a weekly column for more than 15 years: six years at the Guardian and nine years at the Observer. Former editor-in-chief for the Observer, he is Principal of Hertford College, Oxford, and Chair of the Big Innovation Centre.