The nation can hold its head up high. Once again, Britons have been honoured in the annual Ig Nobel awards ceremony, the second most important event on the scientific calendar. The Ig Nobels, or Igs, are an annual exercise in irreverence that celebrate research that "cannot, or should not, be repeated". . .

The ceremony took place at Harvard University, with the coveted prizes handed out by real Nobel laureates. . .

Economics prize

Awarded to the directors, executives and auditors of four Icelandic banks: Kaupthing bank, Landsbanki, Glitnir bank and Central Bank of Iceland, "for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa – and for demonstrating that similar things can be done to an entire national economy".  02-Oct-09.

http://www.guardian.co.uk/science/2009/oct/02/ig-noble-awards-britons-top