Tyler Cowen notes that his former mentor at Harvard, Thomas Schelling, is a new Nobel Laureate. His contributions:
- The idea of precommitment.
- The paradox of nuclear deterrence.
- Focal points.
- Behavioral economics and the theory of self-constraint.
- The economics of segregation.
When I heard the news, I dug up my copies of Schelling’s Micromotives and Macrobehavior and The Strategy of Conflict.