Dynamite Prize in Economics Awarded - Alan Greenspan's Work and Role Acknowledged

In case you missed it, Real World Economics has announced the results of their poll in which over 7,500 votes were cast to nominate the winner of the "Dynamite Prize in Economics".

Alan Greenspan, former head of the Federal Reserve Bank of the United States, won this prestigious award designed to recognize "the economist most responsible for causing the Global Financial Crisis."  

Runners up were Milton Friedman and Larry Summers.

In awarding the Prize, Edward Fullbrook, editor of the Real World Economics Review, noted that “They have been judged to be the three economists most responsible for the Global Financial Crisis. More figuratively, they are the three economists most responsible for blowing up the global economy.”

The prize was developed by the Real World Economics Review Blog in response to attempts by economists to evade responsibility for the crisis by calling it an unpredictable, “Black Swan” event. In reality, the public perception that economic theories and policies helped cause the crisis is correct.

An award richly deserved, though as with many "great contributions" it's clear that many hands labored to bring it about.  And perhaps one of the finest demonstrations we've seen of bipartisanship in the United States in a long long time.