John Forbes Nash

Nobel laureate mathematician John Forbes Nash, who inspired the Hollywood film, A Beautiful Mind, says inflation could be controlled more effectively if major global currencies collectively adopt the same target rate. Recognised for his principles of game theory, the branch of mathematics that examines rivalries among competitors with mixed interests, Nash likened the currencies as the rivals and the mixed interest as being their quest for a stable value.Delivering a lecture under the Nobel laureate series organised jointly by the ministry of external affairs and CII, in Mumbai, on "Ideal money and asymptotically ideal money", Nash said, "There is now the euro and the inflationary tradition of the Italian Lira seems to be past history now