Archive for October 26th, 2004

Stock Option Expensing and the Sex of Angels …

The problem with finding a way to expense stock options lies in the reluctance of company executives and market intermediaries to acknowledge the true cost and to the meddling of theoretical economists in areas best left to practical accountants. This can be illustrated with a simple example. Company ABC has assets worth $1,000, represented […]

Nobel Prizes in Economics 2004

Finn Kydland and Edward Prescott were awarded the Bank of Sweden Prize in Economic Science in Memory of Alfred Nobel for 2004 for their work in “time-consistent policy and the generation of the business cycle”. As is the case with these awards, the contributions of these men have long ago been absorbed by the academic […]

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