Streetwise Professor

October 12, 2009

Well Deserved

Filed under: Economics — The Professor @ 2:34 pm

It is gratifying to see Oliver Williamson and Elinor Ostrom receive the Nobel Prize in Economics (or, more exactly the Swedish Central Bank Prize). ¬†They are deserving individuals who have brought much insight–and wisdom–to important, but hard to formalize, issues of organization and governance. ¬†Moreover, as someone who has published in transactions cost economics, new institutional economics, and property rights economics it is quite satisfying to see these areas of research get some, er, props.

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