Monday, October 12, 2009

About The Economics Price

I had only very limited knowledge of the works of this year's Economics nobel price winners, Elinor Ostrom and Oliver Williamson, but based on the official explanation here and the positive reviews here"> and here, it appears that they are worthy winners, in sharp contrast to the Peace price winner.

What appears to be particularly promising about Ostrom is that her work is not based on the kind of absurd mathematical formalism that dominates economice departments, but on a more realistic method of analysis.


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