Monday, October 12, 2009

The Is have it again

Institutional economists this time.

It: The 2009 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, popularly but inaccurately, known as the Nobel Prize in Economics.

All I can say is: the pendulum swings. The work being recognised is firmly rooted in the real world. Which is more than can be said for a lot of contemporary economics.

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