It is becoming increasingly apparent that the post-2004, across-the-board, commodity price increases, which initially appeared to be a spike similar to the ones experienced during the early 1950s (Korean War) and the 1970s (oil crises), have a more permanent character. From 1997-2004 to 2005-12...

Although age is not supposed to be a criterion for the award of the Nobel Prize, it is commonly believed that it does play a role. Indeed, econometric evidence in this paper also suggests such a role. However, the paper finds that, if there is a preference for older Nobel candidates, this is...