Tuesday, 13 October 2009

Your well-deserved-Nobel roundup

Congratulations to political scientist Lin Ostrom and economist Oliver Williamson on sharing this year’s Bank of Sweden prize in economics in memory of Alfred Nobel for their work on understanding non-governmental and non-market mechanisms for overcoming collective action problems; Ostrom has garnered the greater attention in my circles, due to her being a political scientist by training (the second to win the Nobel, following Herbert Simon), being one of the pioneering female scholars in the social sciences, and being associated with Indiana University (with which I have what Mark Granovetter might call “weak ties”).

Those with further praise and discussion of Ostrom and her work include Steven Taylor, James Hanley, Mike Munger (who also links a lecture by Ostrom on sustainable development), Ilya Somin, Dan Drezner, Virginia Postrel, Lynne Kiesling, Margaret Soltan, Julian Sanchez, and Alex Tabarrok. Not to neglect the economists, Tabarrok also discusses Williamson’s equally valuable contributions.