economics Nobel

[Justin Schwartz]

>
>[guess they ran out of Chicago faculty to give 'em to - besides, there 
>seems to be an ideological shift away from laissez faire over the last 5-6 
>years (Sen, Vickrey, Stiglitz...)]
>
>Chronicle of Higher Education - web daily - October 9, 2002
>
>Nobel in Economics Goes to 2 Americans Who Brought Markets Into the Lab
>By DAVID GLENN
>
>Two Americans have been awarded this year's Nobel in economic science for 
>separate work that brought experimental methods to bear on economic 
>behavior. Daniel Kahneman, of Princeton University, and Vernon L. Smith, of 
>George Mason University, have pioneered new uses of empirical data to test 
>the assumptions of formal models employed in neoclassical economics.

High time! D.K. is a great scientist. Smith I don't know. jks

jks

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