Paul Krugman wins Nobel price in Economics

Wrong, Walter, on the "peace" prize which you lumped with the science prizes.

It' s surprising to me that you wouldn't at least know the "peace" prize isn't awarded by a science academy at all.

The prizes for physics and chemistry shall be awarded by the Swedish Academy of Sciences; that for physiological or medical works by Karolinska Institutet in Stockholm; that for literature by the Academy in Stockholm; and that for champions of peace by a committee of five persons to be elected by the Norwegian Storting. It is my expressed wish that in awarding the prizes no consideration whatever shall be given to the nationality of the candidates, so that the most worthy shall receive the prize, whether he be Scandinavian or not.

John Maynard Keynes is my economic idol, which is why I jumped at the chance to write the intro to the new edition of The General Theory. But I’d never heard this quote, from today’s FT:

Quote:

Words ought to be a little wild, for they are the assaults of thoughts on the unthinking.

..............
One of the most common -and unfounded- reasons as to why Nobel decided against a Nobel prize in math is that [a woman he proposed to/his wife/his mistress] [rejected him because of/cheated him with] a famous mathematician. Gosta Mittag-Leffler is often claimed to be the guilty party.
[............]There are more credible reasons as to why there is no Nobel prize in math. Chiefly among them is simply the fact he didn't care much for mathematics, and that it was not considered a practical science from which humanity could benefit .....

I have published on MANY bathroom walls.

yet you never call

Re: blatham (Post 3442860)
blatham wrote:

yet you never call
you have a phone?

Greenspan told the House Oversight Committee that his belief that banks would be more prudent in their lending practices because of the need to protect their stockholders had been proven wrong by the current crisis. He called this a "mistake" in his views and said he had been shocked by that.

Greenspan said he had made a "mistake" in believing that banks in operating in their self-interest would be sufficient to protect their shareholders and the equity in their institutions.

Greenspan called this "a flaw in the model that I perceived is the critical functioning structure that defines how the world works."

http://www.pbs.org/moyers/journal/10242008/profile.html

Sure -- and nobody is claiming that they are, or that they do.