October 05, 2006
Annual Nobel Prize prediction

It's time for the annual DoL Economics Nobel Prize predictions.

Ok guys, give it up. How about a single name this year?

My prediction is below the fold:

William Baumol.

Posted by Robert Lawson at 01:15 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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