It appears that they have awarded the economics prize to a capitalist who doesn't see the EU as the best of all possible worlds. True, one might become a bit uneasy reading that; "I broadly subscribe to the conception of economic justice in the work by John Rawls." but he ameliorates that subscription by devoting some effort to distinguishing self-realization in monetary terms alone as being an insufficient determinant of "equality" of potential for self-realization and actually raises the issue of equality for those disgusting creatures who seek self-realization through entrepreneurship. I'm surprised that the Nobel committee didn't boot him for that alone.
Phelps comes close to sounding as if he might provide some interesting reading. Now that's something that DeLong and Krugman will never achieve.
In Today’s Mailbag. . .
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