Wednesday, October 14, 2009


The fake Nobel prize was handed out on Monday to Oliver Williamson and Elinor Ostrom. Here are some links that explain why they were honored (link, link, link, link).

For Ostrom, you can kinda boil it down to this Curb Your Enthusiasm clip.

From this post, I read some of Ostrom's work and made it into an admittedly amateur paper. Still, her work fascinates me to some extent, because it seems to strike at a chord in people of "we should be doing things better," when many economists think of it in terms of "we should be doing things less worse" even though perfect efficiency, growth, etc. would be completely undesirable to us.
Interpersonal relationships can be a great asset for businesses. It is great to see that the someone conducted an analysis that brings light to the this issue.
They give out a fake Nobel Prize? Is that like the Nobel Prize for the people who weren't good enough to get the real one? Haha
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