Nobel winners stay skeptical of federal debt

Freedom New Mexico Economics may be called the “dismal science.” But, boy, when government gets it wrong, untold misery results — as we’re seeing as the Great Recession keeps rolling on like a four-year Halloween horror show. The co-winners of this year’s Nobel economics prize are two Americans whose work shows how important their discipline […]

Nobel goes to deserving recipient

Freedom New Mexico The Nobel Prize for Literature has of late been awarded all too often to obscure novelists whose purported resistance to authority and mere fashion consisted of embracing a safe and fashionable brand of academically approved leftism combined with a modest talent. In the process, what Washington Post literary critic Marie Arana called […]

President’s actions don’t warrant Nobel

Freedom New Mexico To his credit, in his acceptance address, President Obama addressed several of the ironies involved in his being awarded the Nobel Peace Prize for Peace with humility, humor and a thoughtful disquisition on the delicate relationship among conflict, war, fanaticism and peace. Although he made the best of the situation, there was […]

Nobel prize justly awarded to pioneers

Freedom New Mexico With all the hoopla over the fellow who was awarded the Nobel Peace Prize, the prize in Economic Science for 2009 has received less attention than usual. The recipients, Elinor Ostrom of the University of Indiana and Oliver Williamson of the University of California-Berkeley, did pioneering and practical work in understanding how […]

Obama given Nobel to spur hopes of peace

Freedom New Mexico Well, President Barack Obama is not the first, shall we say, nonobvious and, indeed, rather eccentric choice by the Norwegian Nobel Committee to be awarded the Nobel Peace Prize. Nobody knows exactly what guided the five-member committee selected by the Norwegian Parliament; deliberations are kept secret for 50 years. So, we can […]

Obama wins Nobel Peace Prize

OSLO (AP) — President Barack Obama won the 2009 Nobel Peace Prize on Friday in a stunning decision designed to build momentum behind his initiatives to reduce nuclear arms, ease tensions with the Muslim world and stress diplomacy and cooperation rather than unilateralism. Obama said he was surprised and deeply humbled by the honor, and […]

For most part, Nobel winners right on target

By Freedom New Mexico Although some of this year’s Nobel Prizes seemed more like politically correct stretches than rewards for genuine achievement, several brought to public attention the achievements of scientists who have contributed significantly to developments we almost take for granted. Perhaps most noteworthy in this respect was the prize in physics, awarded to […]

Nobel winner expands upon basic economics

By Freedom Newspapers We were holding out, and we still are, for Gordon Tullock. He’s the economist who worked so closely with James Buchanan (who already has his Nobel) in the development of “public choice” economics, which put academic meat on the common-sense observation that government employees are guided by personal and institutional self-interest rather […]

Nobel winner never lost sight of human factor

Freedom Newspapers In awarding the Nobel Prize in Economics to Thomas C. Schelling, the Swedish Academy of Sciences honored a man who is “an exceptional independent thinker” and who has pioneered a variety of concepts in economics and in other social sciences. That’s the assessment of Dan Klein, who teaches economics at George Mason University […]