You are surely aware of my thrill at Muhammad Yunus' Nobel. Nonetheless, I thoroughly enjoyed John Tierney's International Herald Tribune (Wednesday) piece, "Shopping for a Nobel." Tierney questions the impact of micro-lending, and suggests, tongue only halfway in cheek, maybe less, that the Prize should instead have gone to Wal*Mart: "Has any organization in the world lifted more people out of poverty than Wal*Mart?" he asks.
Read it for yourself. It's worth a chuckle—and a moment or more's serious contemplation.
NB: I find the economics prize typically to be a farce. I can better understand what the physics winner has been up to than the econ winner—and I'm reasonably well trained in economics. But my simpler point is: Why don't the economics prize judges look at the likes of Grameen and Muhammad Yunus? I hereby nominate MY for Nobel #2, next year's economics prize.
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.
What we're talking about
on the front page.