Word: nobelity
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...corporate circles, the "double bottom line"?reaping profit and doing social good?is all the rage. Muhammad Yunus, the microfinancier who won the Nobel Peace Prize in 2006 for helping prove that making tiny loans to poor people can be profitable, says we should go further. In CREATING A WORLD WITHOUT POVERTY: SOCIAL BUSINESS AND THE FUTURE OF CAPITALISM, he sketches out a new type of company, one that exists only to better people's lives. Investors who start such a firm would be repaid their initial stake once the company turned a profit, but after that...
...take the 5 percentage points out this year, it will be the mother of all U.S. recessions," Roach says. But putting the adjustment off indefinitely isn't a great idea either. "It's just pushing the fundamental problem down the road," says Columbia University economist and Nobel laureate Joseph Stiglitz. "The problem with the U.S. is excessive consumption...
...Committee, designed to bring fresh ideas and test old ones, is part of Zapatero's bid to sustain the momentum of his government's efforts at reform. Made up of 14 world-renowned experts - including Nobel Prize-winning American economist Joseph Stiglitz; Australian anti-nuclear expert and Nobel Laureate Helen Caldicott; ex-Senior Vice-President of the World Bank, Nicolas Stern; and Maria Joao Rodrigues, an architect of the E.U.'s Lisbon Agenda - the council offered a slate of ideas that, if put into action, would position Spain on the cutting edge of international, environmental, economic and social justice policy...
Science happens every day. Long before there was politics or economics or global affairs, science ran the show. In-depth science coverage is part of the DNA of TIME, and we've been at it a while, starting with our cover story on physician and Nobel laureate Sir Frederick Grant Banting, in our Aug. 27, 1923, issue, in the first year of the magazine's existence...
This explanation of infatuation was devised by the economist Robert Frank on the basis of the work of Nobel laureate Thomas Schelling. Social life is a series of promises, threats and bargains; in those games it sometimes pays to sacrifice your self-interest and control. An eco-protester who handcuffs himself to a tree guarantees that his threat to impede the logger is credible. The prospective home buyer who makes an unrecoverable deposit guarantees that her promise to buy the house is credible. And suitors who are uncontrollably smitten are in effect guaranteeing that their pledge of love is credible...