Why do the politicians love to talk about reforms? Just because they know the limitations of fellow economists that they cannot ever be more worthwhile while the governance is all about giving or not giving as per political considerations. Continue reading To Err In Economics Is Doing Politics And Mere Suggesting That Makes An Economist
Today Jean Tirole of France has become the new noble laureate in economics for his analysis of market power and regulation. Concurrently he works as the Scientific Director of the Institut d’Economie Industrielle at the University of Social Sciences, in Toulouse. The prize is worth 8 million Swedish crown that amounts to 1.1 million US dollars.
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