The Nobel prize goes to Jean Tirole
AFTER last year's three-way split, this year's Sveriges Riksbank prize in economic sciences in memory of Alfred Nobel goes to a single receipient, Jean Tirole of Toulouse University in France (pictured). He has been awarded the prize for his microeconomic research investigating how large firms should be regulated in order to prevent consumers being damaged by their monopolistic behaviour.
Blue's brothers
THE Nobel prizes were instituted as a means to reward individuals or organisations who, as Alfred Nobel's will had it, "have conferred the greatest benefit on mankind". Often in the field of physics, the benefit is a measure of understanding of the very small or the very distant: a light shone into the vast darkness of our ignorance about how the universe is composed, and how it works. This year,
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