Question of the day

Q: Who won the Nobel Prize 2006 in Economic Sciences and for what?

A: Sweden - American Edmund S. Phelps (73-year old Columbia University Professor)- for explaining the relationship between inflation and unemployment, work that has had a profound impact on macroeconomic policy.

Phelps is the sixth American to win a Nobel this year, meaning that every prize except for the literature and peace awards, have gone to Americans.