Nordhaus deserves mention precisely because he demonstrates that it is possible to win the Nobel Prize in economics for being catastrophically wrong.
Nordhaus deserves mention precisely because he demonstrates that it is possible to win the Nobel Prize in economics for being catastrophically wrong.
This twat is seriously mentally ill.
He’ll be walking on water next.
My first reaction was exactly that Sir. I mean. C’mon. Is he a Spurs supporter by chance?
It might bring Murphy some comfort to imagine that being catastrophically wrong all the time does not rule out the possibility of a Nobel prize.
Nordhaus said exactly what his green handlers wanted him to say. But I thought that the Elytes loved taxes in all shapes and sizes, and all flavors including carbon.
What was it again?
How many shockingly wealthy Economists are out there?
John Meynard Keynes died wealthy, £20m at today’s money, from playing the stock market and not having kids.
I recall this one from 20 years back. He didn’t have kids because his wife miscarried. It was not a decision…..
I thought he played for the other team?
He was an all-rounder.
Macro AND micro?
Bravo
JMK (allegedly) had a teenage dalliance with my local hero, Dilly Knox (civilian head of Bletchley Park), when both were at Eton (where homosexual acts remain a compulsory part of the curriculum).
As always… the *one* that made it is not a relevant measure for the profession…
Else we’d still be digging for Gold, and not selling Shovels…..
It’s funny how in Biology we go by *averages* and recognise the outlyers, and in Economy the Outlyers are used as an example while the Averages are….Ignored….
Maybe, just *maybe*, that’s the Fatal Flaw in Economics…. And why the Life Sciences, if applied properly, actually ….Work….
And for the doubters… When I’m talking Biology, I’m talking this: