[ 20 December 2002 ]
There is no invisible hand
Commentary on the work of this year's recipients of the Nobel Prize for
Economics, by one of last year's laureates - 'Among the more amusing
results that have come out of experimental economics are those concerning
altruism and selfishness. It appears (at least in experimental situations)
that experimental subjects are not as selfish as economists have
hypothesised, except for one group - the economists themselves' ( Joseph
Stiglitz via Guardian )
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See also this Nobel page with links to video of the 2002 Prize Lectures and
interviews, and this blog entry from July.LINKS?
http://www.hullocentral.demon.co.uk/site/anfin.htm
