market for lemons n.— Note: Coined by George Akerlof, who won a Nobel Prize in Economics for the paper he wrote that popularized the term. «Indeed, it would seem that a “market for lemons” is rapidly developing in credit markets. This is an extreme...
ambulance chasing n.— «In 1977, Steven Weinberg, then two years shy of the Nobel Prize in Physics, decided to do a little of what some theorists call “ambulance chasing.” He heard a rumor, while spending a year at Stanford, that collisions at the...
Iberian yoga n.— «The long break has been traditional in many countries with stifling midday heat, but Spaniards claim to have done the most to perfect the ritual, which Camilo Jose Cela, the Nobel Prize-winning novelist, calls “our Iberian yoga...
