Jim -- I suppose we should suggest they give up and just have a prize in applied mathematics. It might put things in a bit more perspective: After all, while Lucas is one of the best applied mathematicians in economics departments, he could be outclassed by quite a few people in math departments. In his defense, however (this is in response to Barkley Rosser) as far as I can tell, Lucas' applications of functional analysis to economics are fairly original, specifically his application of contraction mapping theorems to market functional spaces and his develpment of reasonable conditions to justify applications of those theorems. Or is there a precedent to this type of work (I'm thinking specifically of the stuff in _Recursive Methods of Economic Dynamics_) in the Operations Research literature? Unphased and indifferent, Tavis
