Nobel announced

by Russ Roberts on October 12, 2009

in Economics

Ostrom and Williamson.

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  • Ben Atlas,

    Very good!
  • Vog
    Note this is not a Nobel but a Sveriges Riksbank Prize in Economic Sciences
  • Did one of them do something with attempting to justify govt. interaction in markets and the tragedy of the commons, or something similar?
  • danielkuehn
    Well they're most famous for doing work on how non-market, non-government relations and institutions can manage resources and commons. But I doubt either of them have completely rejected market or government management of resources out of hand either.
  • danielkuehn
    That was great news! These two are very innovative thinkers. I heard the other day that the odds were in Eugene Fama's favor. That would have been the definition of a tin-ear choice on the part of the Nobel Committee - even worse than the farsical Obama choice.
  • Missed opportunity to give another one to Obama, for his future economic achievements.
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