I think the important bit is getting lost in the shuffle over particulars: This research and the conclusion it presents are not original to three Western men from a first-world university. They’ve been discussed and explored at length by the academies of the post-colonial states who are dealing with the aftereffects of their own colonial experiences. This is a Eurocentric/Western-centric move on the part of, frankly, a bunch of privileged and insulated people.

Some critics argue that the prestige of the Prize in Economic Sciences derives in part from its association with the Nobel Prizes, an association that has often been a source of controversy. Among them is the Swedish human rights lawyer Peter Nobel, a great-grandnephew of Alfred Nobel.[40]

Nobel accuses the awarding institution of misusing his family’s name, and states that no member of the Nobel family has ever had the intention of establishing a prize in economics.[41] He explained that “Nobel despised people who cared more about profits than society’s well-being”, saying that “There is nothing to indicate that he would have wanted such a prize”, and that the association with the Nobel prizes is “a PR coup by economists to improve their reputation”.[40]