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Controversial Sale Of Northrhine-Westphalia’s Warhols

Critics fear this might be only the beginning of selling from the state’s art collection to help fill household gaps. Read more: RP-Online: Umstrittener Verkauf. NRW-Warhols in New York für 151,5 Millionen Dollar versteigert and faz.net: Fort mit dem Nutzen. Die Warhol-Versteigerung des Landes Nordrhein-Westfalen erhitzt die Gemüter. Warum aber gibt es überhaupt staatlich finanzierte Kultur und nicht nur den Kunstmarkt?

Jean Tirole Awarded the Nobel Prize In Economics For His Work On Industrial Organisation

On October 13th Jean Tirole was awarded the Nobel prize in economics for his work on “industrial organisation”. Mr Tirole began publishing in the 1980s, when it quickly became clear that new, liberalised industries might not form perfectly competitive markets. He developed a novel way of thinking about the difficulties regulators face managing such markets. – Source: The Economist