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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