Nobel Prize

Economist Joseph Stiglitz: Put Corporate Crooks in Jail

In an interview, the Nobel Prize winning economist decries the institutionalized system of skewed incentives that allowed Wall Street bankers and other corporate execs to gamble with the country's wealth, and then get away largely scot-free. What happened to "with justice for all," he asks.

Two Americans and a Brit Share Nobel for Economics

Why do so many people remain unemployed when amid are a large number of job openings? Peter A. Diamond of MIT, Dale T. Mortensen of Northwestern and Christopher A. Pissarides of the London School of Economics provided a Noble Prize-winning answer.

Literary Betting: Popular Abroad, but Could It Catch on Here?

When Mario Vargas Llosa won the Nobel Prize for Literature this week, the British literary betting agent Ladbrokes couldn't have been more pleased. Ladbrokes had given Vargas Llosa slim odds of winning the prize so when Vargas Llosa won, Ladbrokes avoided a massive payout.