"In the 1970s it became respectable to model the economy as if it was a perfectly functioning, self-regulating machine, " says Edmund Phelps, a Nobel Prize winning Professor of Economics at Columbia University in New York.

BBC: A lesson in history

Jasper is making up for the revenue shortfall by pitching his audio technologies to new customers, winning a place for it in both the hot Xbox 360 game machine and as an option in all new Volvo models, which will offer home-theater-quality Dolby Digital 5.1 surround sound.

FORBES: Seeing in Dolby

The old linear accelerator at Stanford was repurposed, turning it from the machine that co-discovered a particle known as the charm quark (thus winning its operators a Nobel prize) into a factory for making particles called B mesons.

ECONOMIST: The arrow of time