Everything I've come across suggest that Alfred Nobel detested their ilk, and wouldn't want his name associated with the prize in any way, shape or form. That's why the title matters.
Economists, generally, don't use their models in the real world. And when they do, they lose billions of dollars.
See Myron Scholes. He did it twice.
Because his "science" was flawed.
It drives me crazy that these guys not only get awards, but influence government financial policy.
The current people who are the "top economists" in the world, are, generally, ill-fit to their jobs.
Their abilities to assess risk are horrible.
They are making the world a more dangerous place, not safer.
Economics is very complicated, much more complicated than most leading economists think.
I am talking about people heading the leading economic and financial institutions today.
They are dangerous because they are overly confident of their horrible "predictions".