“One hypothesis about the delay for the award is that the prize committee realizes that recipients tend to shirk once they get the prize. This consideration was particularly important in Gary’s case because he had continued to exhibit high productivity. Thus, the drop in output caused by an early prize for Gary might have had severe adverse consequences for economic research.”

Source: Nothing Is Sacred (2002), p. 18

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Robert Barro18

American classical macroeconomist 1944

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