Elinor Ostrom and Oliver Williamson Win Nobel Prize
 |
James Joyner | Monday, October 12, 2009 |
For the first time, a woman has won a share of the Nobel Prize for economics.
The 2009 Nobel Memorial Prize in Economics will be shared by Elinor Ostrom and Oliver E. Williamson. Ostrom, professor of political science and professor at the School of Public and Environmental Affairs, both at Indiana University at Bloomington, was honored for “her analysis of economic governance, especially the commons.” She is also the founding director of the Center for the Study of Institutional Diversity, at Arizona State University. Williamson, professor emeritus of business, economics and law at the University of California at Berkeley, was honored “for his analysis of economic governance, especially the boundaries of the firm.”
This breaks a recent trend of awarding prizes on spec. One half expected the award to go to a PhD candidate with a really nifty dissertation proposal.
About the Author: James Joyner is the publisher of Outside the Beltway and the managing editor of the Atlantic Council. He's a former Army officer, Desert Storm vet, and college professor with a PhD in political science from The University of Alabama. He lives just outside the Beltway in Alexandria, Virginia with his wife and infant daughter.
Follow James on FriendFeed | Twitter | Digg
- Elinor Ostrom and Oliver Williamson Win Nobel Prize
- Paul Krugman Wins Nobel Prize
- Krugman: US Auto Industry Doomed (UPDATED)
- Barack Obama Wins Nobel Peace Prize
- Berkeley Energy Police Coming
- OTB Radio – Tonight at 7 EST
- Obama’s All-Star Cabinet
- 15 Strangest College Courses
- Free Throw Shooting Percentages
- Samuel Huntington Dead at 81
- Arnold Kling on the Progressives
- Murtha Dead, District Next?
- U.S. Senate The World’s Greatest Deliberative Body
- Bush: Miss Me Yet?
- DC Snow Record Likely
- Super Bowl 44 Most Watched Show Ever, Topples M*A*S*H Finale
- Caption Contest Winners
- John Murtha Dead at 77
- Jon Stewart: Blogs Must Be Crazy
- NFL Players Association vs. Typical Unions
Well, the Nobel Prizes in the Sciences have always been pretty strong, but the Economics prize isn't much better than the Peace Prize, considering how many Nobel Lauretes in Economics have been discredited by that damnable reality.
Of course, I consider economics to be barely a step above witchcraft and chiropracty in terms of empirical merit so your mileage may vary.
Some pedant will probably point out that there's no such thing as a Nobel Prize in Economics, but it sure won't be me.
... Re: Knapp, here of late, I've thought we could have the Lit laureate make economic predictions, and the Econ winner try to write stories, and get equally good results.
There's no such thing as a Nobel Prize in Economics.
Of course, I consider economics to be barely a step above witchcraft and chiropracty in terms of empirical merit so your mileage may vary.
Alex, I very rarely agree with you wholeheartedly. Have yourself a metaphorical cognac and cigar on me.
Comments are Closed
