The choices of the two men for the prize left few academic economists completely surprised.
Though he remained a leading academic economist, his prestige had diminished.
But many academic economists couldn't or wouldn't see it.
Despite its strong sales, many academic and business economists have ignored the book.
Although a recovery - as defined by academic economists - started about two years ago, it hasn't felt like one.
It also includes the biggest job fair in the world for academic economists.
Nevertheless, he is right to summon academic economists back to politics and reality.
To certain academic economists, the answer is a clear yes.
New faculty members are recruited via international job market for academic economists.
And a sprinkling of academic economists, however distinguished, won't make up the difference.