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Joe Stiglitz comes forward with a set of sound arguments for the fact that prizes are much better than patents in medical research (and not only). Greg Mankiw wonders (and he’s got a big point there…) how to support those prizes other than via higher tax rates (I don’t think the competence of the prize committee is a problem…).
Song of the day: Happy Birthday, Mr. President!, by Marylin Monroe
Well, well, the opportunity arises only once a year, so here we go: this classic is dedicated to yours truly. Of course, I’m still searching for THE Marylin and JFK’s job is not yet within my reach, but I’m slowly getting there :-).
→ Read more Finalistii FameLab Romania
Despre competitia FameLab Romania am mai scris aici. Se pare ca au fost alesi finalistii si se poate deja vota pentru ei, pe prezentarile de cca. 30 de secunde (pentru “Premiul Publicului”).
→ Read more Economic debate on the role of democracy for economic growth and on the role of human capital for democracy
… hosted by the Wall Street Journal. The two debaters are established stars of the Economics academe, despite being relatively young still, Daron Acemoglu and respectively, Edward Glaeser (by the way, I bet on Ed Glaeser winning this edition’s (2007) John Bates Clark Medal– it is also his last chance, given the rules regarding the age of the recipient; Daron Acemoglu was the latest winner, two years ago).
→ Read more Econlinks for 15-03-’07
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Quite an interesting article in last week’s print edition of The Economist about divorce as a business. Essence: it really matters where the divorce is pronounced (tip: don’t choose England if you’re the rich(er) spouse…).