Economy Nobelprize Lecture & Wii

VISITED THE LECTURE ON ECONOMICS held at Aula Magna at Stockholm University yesterday. Edmund S. Phelps from Columbia University in New York City, USA, held a speach on macroeconomics and his research on rational expectations model, rational choice, innovation and entrepreneurship.

The models and theories Phelps presented emphazised the overall goal of good life, vitalism, self realization and good economy as a result of interaction of demands and action of consumers, producers, financial instruments like the stock market, innovators, inventors, entrepreneurs. He talked over creative inventors meeting investors/finance, employee behaviour, price rasings in competition, consumer evaluation and adaption in a linked chain or networked world.

Conclussion Everybody has the right to participate and be included in the economy to serv as good members of the society. Capitalism can serve justice, inclussion and the good life.

Afterwards the students in the auditorium jumped up on the stage, took photographs, asked questions and mingled with Phelps.

More on the Nobelprize


VISITED MY LOCAL GAME STORE in Vallingby (aka Vixton) with an old friend and his young son after the lecture in Stockholm city.

8 December is the N-Day, the new generation game console Wii being introduced by Nintendo. Wii is innovative with it's new motion sensitive controllers and clean white design and will compete with Microsoft XBox 360 and Sony Playstation 3.

Would the men behind the Wii be the winners of the Nobelprize in innovation and design in 2006, if there where any?