This changing the face of finance forever: do we really want to throw the baby out with the bathwater?

The big news of course is the Nobel for Paul Krugman (far more important than the economy going to hell in a handcart, far more so). Why we should be happy about the views of the pre-eminent left wing economist.

What he's actually got the prize for in terms of theory.

One of his more interesting theories and a modification of it.

Thankfully he does have a lot to be proud of.

Back to the economy. Yes, it really could be a failure of regulation we've got here, not a failure of markets.

And finally, pictures, words, 1,000.....