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.
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.
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Missed opportunity to give another one to Obama, for his future economic achievements.
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.
Did one of them do something with attempting to justify govt. interaction in markets and the tragedy of the commons, or something similar?
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.
Note this is not a Nobel but a Sveriges Riksbank Prize in Economic Sciences
Ben Atlas,
Very good!
Ben Atlas,
Very good!
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