Extension: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025, awarded in part to Joel Mokyr
Mokyr locates the cultural origins of modern growth in the Republic of Letters, a transnational market for ideas in which participants competed for reputation earned by contributions that withstood scrutiny. The protected claim specifies reputation that is domain-specific, bound to the holder's identity, earned only through validated work, and incapable of sale, loan or transfer. Kaal's position is that the Republic of Letters exhibited those properties: credit was scoped to fields, attached to the contributor, earned by work that survived scrutiny, and not purchasable. The essay adds two further properties, citation weighting and the speed of the postal service, which the protected claim does not address.
reputationinstitutional-designscholarly-literature