I am not smart or qualified enough to explain the work of the winners of the Nobel in economics, but they have a great explanation at Marginal Revolution.
More like this
Robert Gentleman and Donald Nickelson have joined the board of REvolution Computing. Gentleman is co-creator of this OpenSource statistical package which is widely used by researchers. The news was released moments ago, and here is a press release from the company:
Man, Copernicus has been kicking my butt. All the star tables, geometry, etc were turning me in to a pumpkin.
There's quite the discussion going on over at
Update: Michael has been kind enough to track down a copy of