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Last update - 01:15 07/11/2008
Nobel laureate Yisrael Aumann's faith in the free market remains firm
By Haaretz Staff and Channel 10
Tags: Israel News, Economy 
Haaretz.com/Channel 10 daily feature for November 6, 2008.

The global economic downturn hasn't prompted Nobel Prize Laureate Yisrael Aumann to touch his investment portfolio. Despite the free market failures that many blame for the current crisis, Aumann remains a true believer in unregulated capitalism.

Alan Greenspan, the former Chairman of the U.S. Federal Reserve, made a surprising admission recently when he acknowledged that unfettered market deregulation may not have been the way to go. Aumann, on the other hand, doesn't appear to be rethinking his ideology.


I
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n fact, he finds the $700 billion U.S. government bailout plan a poor idea, believing markets will ultimately work themselves out on their own.

Aumann received the Nobel Prize in Economics in 2005 for his research on Game Theory and rationality. The award sparked international controversy and protest due to his right wing activism and the use of his economic theories to support his opposition to a peace deal with the Palestinians.


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      1.   Will Israel ever use ideas of this genius? 04:27  |  shlomo 07/11/08
      2.   Socialism for the rich isn`t a free market 09:20  |  MARK KLEIN, M.D. 07/11/08
      3.   Inntervention the cause of turmoil 10:04  |  Girshon 07/11/08
      4.   I wonder what Aumann thinks of the few hundred billionaires who 11:14  |  S 07/11/08
      5.   He`s wrong and knows it 11:34  |  Leo 07/11/08
      6.   International controversy ? 11:46  |  A student 07/11/08
      7.   For Mark Klein M. D. #2 12:38  |  S 07/11/08
      8.   S, Klein, and free markets 18:06  |  Boris 07/11/08
      9.   Free Markets - Girshon, Boris 22:33  |  Rick 07/11/08
      10.   Unregulated Capitalism 01:19  |  Bruce 08/11/08
      11.   Aumann: Can you stop the emergence of new Ponzis? 17:15  |  HaveFun 08/11/08
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