Finn Kydland and Ed Prescott will share this year's Nobel Prize for their work on business cycles and time inconsistency. The Mises blog has some criticisms; it reminds me of once attending a Minnesota Economics Association meeting at which Prescott described their "time-to-build" model. I commented that the model looked Hayekian to me, insofar as capital seemed to have vintages (think of replacing a 1998 Pentium with a 2004 Pentium -- not the same thing at all). He was mildly annoyed, arguing that he could write the model down in a way that previous writers could not.

This makes this article look prescient.

UPDATE: Hope you didn't take this advice.