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Nobel economist Oliver Williamson: What he did and how it applies to 21st century capitalism

Steve Tadelis, professor of business, economics and public policy | October 21, 2009

It’s been a week of celebrations at Berkeley following the announcement that the Nobel Prize in Economics was shared by my friend and colleague, Oliver (Olly) Williamson. Certainly, many outside the field are asking three simple questions: First, what did Olly do? Second, why was it path-breaking? And most importantly, what does this have to … Continue reading »

The New Nobels: Small steps toward integrated social science

David Zilberman, professor, agriculture and resource economics | October 19, 2009

I got a kick out of learning that Eleanor Ostrom and Berkeley’s Oliver Williamson won the Nobel in Economics. I had a similar response when the Psychologist, Dan Kahneman, won the prize. These are important steps in the expansion of economics and establishing an integrated social science based on rigorous logical thinking and empiricism.  This … Continue reading »