Norwegian Finn Kydland and Edward Prescott of the United States won &to=http://english.pravda.ru/diplomatic/2001/12/11/23349.html' target=_blank>the Nobel economics prize for 2004 for analyzing how economic policy is shaped and what drives business cycles.
"Their work has not only transformed economic research, but has also profoundly influenced the practice of economic policy in general, and monetary policy in particular," the Royal Swedish Academy of Sciences said in its citation.
Their research has "transformed the theory of business cycles by integrating it with the theory of economic growth," reports Reuters.
After the incident with the shootdown of the Ilyushin Il-20 reconnaissance aircraft over the Mediterranean Sea, Russia will supply an S-300 anti-aircraft missile system to Syria
Indeed, how dare they run US-independent policy? They should have followed the example of the European Union that turned independent states of the Old World into US-ditto entities