Taming monopolies

October 16, 2014 11:56

It is usually not easy for laymen to appreciate the work that fetches the Nobel Prize in Economics or, for that matter, the relevance of such work in everyday life.

It is not so this time, with the award going to French economist Jean Tirole, the second Frenchman to win a Nobel this year -- the other being Patrick Modiano who got the Literature Nobel.

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