Any other business - 14/10

Gordon Tullock is one of the most deserving economists never to win the Nobel, and he remains a longshot for this year’s prize, announced today. Yet it would be appropriate timing. Tullock developed public choice theory, which shows how self-interest drives political decisions, with James Buchanan. Buchanan got his Nobel for that work back in 1986 – during another self-interest-driven US government shutdown.


In Beijing to promote the first official Chinese language website for London, mayor Boris Johnson mused about why the capital attracts so many Chinese students. “Is it because of the weather? You’re laughing. Is it because we have so many wonderful French restaurants in London? Is it because we have so many beautiful communist bicycles on the streets of London?” he pondered. “I’ll tell you what I think it is. It’s because we have more universities in London than any other city on earth, 42 universities in London.” The mayor went on to laud London’s “polychromatic” and diverse nature – no doubt attracting yet another swathe of would-be students hopeful that university learning might help them understand Boris Johnson’s vocabulary...