Comments on: Awards to Applaud

By: Anonymous

Anonymous — Tue, 13 Oct 2009 01:31:00 +0000

Don – one has to wonder why it wasn’t Tullock and Buchanan. I’ve never been able to really separate their work that much. And Arme did as much as anyone to talk about market imperfections resulting from asymmetric information as anyone (btw does anyone still miss his Principles text?). I’ll have to side with David Warsh’s comments here:
http://www.economicprincipals.com/issues/2009.10.11/748.html
In particular why not Krugman + Helpman would have seemed appropriate. But the one I really regret, now that it’s now longer possible (aside from John Maynard of course) is Mancur Olson. Given your neck of the woods that seems like close to home.

By: D. Watson

D. Watson — Mon, 12 Oct 2009 18:55:00 +0000

I’m glad to see a familiar take on this over here. Most of the commentary I’ve read has been about showing us solutions to market problems full-stop. I read it as solutions that don’t involve government.

By: Matt

Matt — Mon, 12 Oct 2009 16:43:00 +0000

Yes, that was my first thought too. Here is a sentence from the Amazon product description:

“In contrast to the proposition of the tragedy of the commons argument, common pool problems sometimes are solved by voluntary organizations rather than by a coercive state.”

Sounds like the result of human action and not of human design to me.

By: Anonymous

Anonymous — Mon, 12 Oct 2009 16:26:00 +0000

Likewise, monitoring and enforcement work better when conducted by insiders than by outsiders.

This seems very Hayekian.