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DealBreaker (Free subscription) | 16/10/2007
Nobel economics winner says market forces flawed (Reuters) One has to admit to being slightly annoyed by lines like this: "Professor Eric Maskin, one of three American economists to receive the award, said that he "to some extent" takes issue with free-market orthodoxy championed by U.S President George W. Bush and some other western leaders." Did he really say that? Or did the writer add the George...
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Red State (Free subscription) | 15/10/2007
Warmest congratulations to Leonid Hurwicz (emeritus, University of Minnesota), Eric Maskin (Princeton's IAS) and Roger Myerson (University of Chicago) on winning this year's Nobel Memorial Prize in Economics. Story here. Building on ideas originally proposed by Hurwicz, the prizewinning work relates to imperfections in information flow in free markets. Orthodox neoclassical economics holds that perfectly-free...
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The Earth Times Online Newspaper (Free subscription) | 15/10/2007
Three professors from the United States were named Monday in Sweden as the recipients of the 2007 Nobel Prize in Economic Sciences. Leonid Hurwicz of the University of Minnesota, Eric Maskin of the Institute for Advanced Study at Princeton, N.J., and Roge...