Three worthwhile posts, on Elinor Ostrom’s Nobel, from Knowledge Problem:
More on the 2009 Nobel Prize in Economics
Previous post: A Pestilence
Next post: Technique Is Not Wisdom
where orders emerge
EconTalk Podcast
Recent Episodes-
where orders emerge
Three worthwhile posts, on Elinor Ostrom’s Nobel, from Knowledge Problem:
Previous post: A Pestilence
Next post: Technique Is Not Wisdom
Recent Episodes
Podcast RSS Feed
Full EconTalk Text
{ 1 comment }
Note well. Ostrom explicitly endorses Hayek’s model of economic science and Hayek’s explanatory strategy.
And Williamson also endorses Hayek’s account of the explanatory task of economics.
Both Ostrom and Williamson cite Hayek’s work repeatedly — and cite his conceptions of as foundational to the thinking contained in their own work.
And, importantly, they strengthen Hayek’s explanatory program by filling gaps within it.
This Nobel Prize in Economics is a Hayekian two’fer.