ECONOMY OR HUMANITY1 1Received June, 1967.

[The Nobel Prize in physiology or medicine 1967].

The Nobel Prize in Physiology or Medicine 1967 Presentation Speech

Light, shadows and colours do not exist in the world around us. What we perceive visually and call light is the result of the action of a certain portion of the electromagnetic radiation on the sensory cells in the retina of the eye. Our awareness of the play of light in nature, the multiplicity of the forms and the richness of the colours is ultimately dependent on the pattern of this radiatio...

Political Economy : Success or Failure ?

H10, B25, A11 KEy woRdS: JEL Classification: political economy, public choice, constitutional economics, institutions, 1 University of Warwick, UK; CREMA – Center for Research in Economics, Management and the Arts, Switzerland 2 University of Zurich, Switzerland Corespondence concerning to this article should be addressed to: [email protected] Bruno S. Frey1 and Lasse Steiner2

Reflections Knowledge: economy or community?

At the end of World War II, Western civilisation put engineers on a pedestal after seeing how well the US military could manage matériel and logistics. This led to a stockpile of consumer goods. Marketers became the heroes as they created mass-consumer markets. Following the mastery of distribution, promotion and sales, accountants came to prominence. They estimated costs and counted the profit...

Leonard Colebrook, 1883-1967.