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Point well-taken.  It was a cheap shot.  Granger's citation was for his work on
cointegration, rather than his post hoc creature.
 
I admit, in contrast to Kevin Hoover, that I don't consider cointegration a "really
important idea" for economics; however, my reasons are so philosophically fundamental that
they aren't worth the time to argue or discuss.  It's all been done before and the battle
lines are clearly drawn. My side is by far the great minority.
 
On a related reflection, I think the prize for work embodying the principle of composition
has already been given several times.
 
Sam Bostaph 
 
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