Written by Michael Balton
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Monday, 10 October 2011

image for Occupy Wall Street movement wins Nobel Economics Prize

New York City - In an unprecedented reversal, the Nobel Prize Committee has revoked its Economic Science Prize, recently handed to two American professors, and has re-awarded it to the Occupy Wall Street movement.

"Economics has been called 'the dismal science' but more recently it can be thought of as the 'the dopey science,' " a spokesperson for the Nobel Prize Committee.

"The two old twits who were originally picked to receive the prize were studying the cause-and-effect of some theoretical construct. This at a time when capitalism and the free market economy were crumbling around them."

In re-awarding the prize to the Occupy Wall Street movement, Nobel officials pointed out that the protest group surpassed any economist, living or dead, in pinpointing the cause of capitalism's ongoing collapse - pathological Wall Street greed.

"The Occupy Wall Street group may not have been the first to identify the cause," the committee said. "But they were the first to do something about it, after their lawmakers and their president refused to take any meaningful action."

A spokesman for the Occupy Wall Street group said that the $1.4 million monetary portion of the prize would be split among the members of the movement and that they would be taking turns wearing the Nobel Prize medal.

"This is re-gifting at the highest level," the spokesperson said. "But we'll take it. One and a half million bucks buys a lot of Snickers bars."

One of the original winners, Dr. Pierce Bufox of NYU's Economics Department, expressed disappointment. "Does this mean I'm not going to get to see Stockholm?"

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