There are big questions about the amount of gravitas that mainstream economists are afforded by people in power.
Misnaming the econ prize as a "Nobel" prize and placing it's winners on the level of great physicists, chemists etc risks in exacerbating this problem.
Much of the research done by econ memorial prize winners is walked back or proven false later. It isn't hard science. Much of it is politically driven and advice and practitioners are used by politicians to justify certain actions, many of them dysfunctional or corrupt.
Misnaming the econ prize as a "Nobel" prize and placing it's winners on the level of great physicists, chemists etc risks in exacerbating this problem.
Much of the research done by econ memorial prize winners is walked back or proven false later. It isn't hard science. Much of it is politically driven and advice and practitioners are used by politicians to justify certain actions, many of them dysfunctional or corrupt.