nobel prize

The Latest Nobel Prize in Economics… Why It Should Make Us Sad

The latest Nobel Prize in economics has been awarded to Alvin Roth and Lloyd Shapley. They’ve done brilliant work on algorithms for optimally matching pairs of things (such as job vacancies and job seekers), but at least one prominent application of their work should produce a deafening roar of foreheads hitting desktops: public school choice.

Paul Krugman vs. The Daily Show

In a recent New York Times column (“The Uneducated American”), Paul Krugman writes that, “for the past 30 years our political scene has been dominated by the view that any and all government spending is a waste of taxpayer dollars.” As a result, Krugman continues, U.S. education has been “neglected” and “has inevitably suffered.”

Diamond Down

Today Nobel Prize-winning economist Peter Diamond announced he is withdrawing his nomination to the board of governors of the Federal Reserve System. 

Mario Vargas Llosa’s Nobel Prize

The news that Peruvian novelist Mario Vargas Llosa won the Nobel Prize for literature has gratified me beyond words. The award is a huge boost for liberty in Latin America.  Through his literary genius, prolific essays, and ceaseless activism, Vargas Llosa long established himself as perhaps Latin America’s most well-known public intellectual, and certainly its most well-known classical liberal. For decades, he has used his ability to reach a mass audience to promote the principles of the free society, becoming the region’s foremost advocate of democratic capitalism.

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