Paul Krugman, winner of the Nobel Prize in Economics this year, in a slightly longer piece, speaks about his work, and the way he works. I like his suggestion that a degree of stupidity can foster innovation though: If you want to publish a paper in economic theory, there is a safe approach: make a conceptually minor but mathematically difficult extension to some familiar model. Because the basic assumptions ... Read full entry

I don't really get political here but I thought some comments made by former Australian Prime Minister Paul Keating the other day were worth linking. His humour may have been wry and cynical, but it was certainly entertaining. "It was the Labor government of Australia that broke the back of inflation (in the recession in the early 90s),'' he said. "In 1993 there was no risk to inflation at ... Read full entry