Nobel prize

The Need for a New, Biophysical-Based Paradigm in Economics for the Second Half of the Oil Age

Publication date:
2006-11-24
First published in:
International Journal of Transdisciplinary Research
Authors:
C.A.S. Hall & K. Klitgaard
Abstract:

The realization that the conceptual base for much of conventional economics is quite flimsy
is no longer news to either those who follow events within the field or to many interested
outsiders in the natural sciences. For an easy example, since 1998 a surprisingly large
number of Nobel Laureates in economics (Joseph Stiglitz, George Akerlof, Daniel
Kahneman, Robert Aumann, Thomas Schelling, and Amartya Sen) were people whose
worked challenged, in various very fundamental ways, the basic existing paradigm of
conventional neoclassical economics...

Published in: International Journal of Transdisciplinary Research Vol. 1, No. 1, 2006
Available from: see below

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The End of Faith-based Economics

Publication date:
2008-02-01
First published in:
Nature
Authors:
J. Gowdy, C.A.S. Hall,K. Klitgaard, & L. Krall

The Decline of Economics

Publication date:
1996-12-02
First published in:
The New Yorker
Authors:
John Cassidy
Abstract:

A few weeks ago, the Nobel Prize in Economics was awarded to William Vickrey, an 82-year-old professor at Columbia, and James Mirrlees, a 60-year-old professor at Cambridge. As is often the case with this annual ritual, the newspapers had some difficulty explaining the prize-winning work, which the Nobel committee referred to as "the economic theory of incentives under asymmetric information."...

Published in: The New Yorker, December 2, 1996, p. 50
Available from: see below

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