 Once again Paul Krugman has failed to win the Nobel Prize in economics. This year's winners are Robert J. Aumann and Thomas C. Schelling, "for having enhanced our understanding of conflict and cooperation through game-theory analysis." Why them, and not Krugman? One clue is Aumann's academic affiliation. He is with the Center for Rationality at the Hebrew University of Jerusalem. Krugman isn't at the center of anything. And he has nothing to do with rationality.
Don Luskin
Don Luskin's Blog: The Conspiracy to Keep You Poor and Stupid
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