Posted on 10/15/2007 5:16:58 AM PDT by ConfusedSwede
"for having laid the foundations of mechanism design theory"
Congratulations!
Good to see they still give Nobels to people who actually know what they’re talking about.
What does that have to do with global warming?
On another note, when are economists going to figure out that economies don't cause inflation?
I thought the “Chicago Boys” opposed monopolies. How come they are monopolising the Nobel prize in Economics.
> I thought the “Chicago Boys” opposed monopolies. How come they are monopolising the Nobel prize in Economics. <
Stigler, Friedman, Director and et al. would generally tell you they oppose only those monopolies that are sustained by government. A monopoly that lives without governmental assistance is, in their view and mine, pretty much OK.
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