The Literature Network - Resting on their laurels. (behavior of 8 Nobel laureates in economics at Adam Smith ceremony)

Resting on their laurels. (behavior of 8 Nobel laureates in economics at Adam Smith ceremony)

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From: The Economist (US)
Date: 19900721
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They came not to bury Adam Smith, celebrate him. Eight winners of the Nobel prize for economics-the biggest gathering of them ever-and 300-odd economists assembled in Edinburgh on July 16th and 17th to pay homage to the great man, visit his tomb, and discuss the state of modern economics. But, from the speeches of the laureates, most of them well into their 80s, it was rarely clear why they were regarded as the greatest thinkers in their profession.

The homage got of to a bad start for some. One of the youngest laureates, Mr Franco Modigliani (a stripling of 72), lost his ...

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