Re: [MLUG - DISCUSSION] Nobel in Economics

[Rick <EMAIL:PROTECTED>]

While I've not the time to read the full 208 pages today, the paragraph
below would seem to indicate that the philosophy is more about making it
easier (i.e., more economically feasible) to choose a socially
responsible role versus punishing those that don't. Is that a fair
paraphrase?

Rick

On Mon, 2007-10-15 at 22:27 -0500, Mike Miller wrote:
> On Tue, 9 Oct 2007, Mike Miller wrote:
> 
> > The World Bank produced this publication in late 2005:
> >
> > Where Is the Wealth of Nations?: Measuring Capital for the 21st Century
> > http://go.worldbank.org/U055JOCQT0
> >
> > I found two versions of the PDF document:
> >
> > http://siteresources.worldbank.org/INTEEI/214578-1110886258964/20748034/All.pdf
> > http://siteresources.worldbank.org/INTEEI/Home/20666132/WealthofNationsconferenceFINAL.pdf
> >
> > The first seems to be the formatted, published version and the second 
> > seems to be a conference version from a couple of months earlier with 
> > similar (identical?) text and better graphics.  --Mike
> 
> 
> I have the impression that the kind of analysis undertaken in the World 
> Bank report was highly influenced by the ideas of University of Minnesota 
> Economics Professor Emeritus Leonid Hurwicz who won the Nobel Prize for 
> Economics, announced this morning.  Here is a statement from his 
> colleague, V. V. Chari:
> 
> "We've shifted focus away from the role of governments in solving the 
> problems of poor countries to a focus on the rule of law, stable property 
> rights, and provision of incentives to farmers, businesspeople, and others 
> to act in ways that further the social interest.  The way Leo taught us to 
> think has changed the world."
> 
> More:
> 
> http://nobelprize.org/nobel_prizes/economics/laureates/2007/
> http://www1.umn.edu/umnnews/Feature_Stories/University_professor_wins_Nobel_Prize.html
> 
> Mike
> 

-- 
Society has always seemed to demand a little more from human beings than
it will get in practice. 
George Orwell


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