THE BORE

General => The Superdeep Borehole => Topic started by: Kestastrophe on October 13, 2009, 12:25:47 PM

Title: 2009 Nobel Prize in Economics
Post by: Kestastrophe on October 13, 2009, 12:25:47 PM

 :american

http://online.wsj.com/article/SB125534373296580027.html (http://online.wsj.com/article/SB125534373296580027.html)

Quote

American economists Elinor Ostrom and Oliver Williamson, who study the way economic decisions are made outside markets, were awarded the Nobel Prize in economics Monday.

Ms. Ostrom, who teaches at Indiana University in Bloomington, Ind., is the first woman to win the economics prize, which had been awarded to 62 men since its launch in 1969. The judges cited her analysis of what happens when natural resources are shared commonly.

Mr. Williamson, who teaches at the University of California, Berkeley, was cited for explaining why some decisions are made more efficiently inside corporations rather than at arm's length in markets.

I am not familiar with Ms. Ostrom's work (other than tragedy of the commons), but I am quite familiar with Mr. Williamson's. I even wrote an amateurish paper back in 2005/2006 on videogame consoles using Williamson's model of asset specificity. Also

(http://s.wsj.net/public/resources/images/NA-BB185_NOBELc_NS_20091012190045.gif)
:american :american :american :american

Title: Re: 2009 Nobel Prize in Economics
Post by: AdmiralViscen on October 13, 2009, 12:29:12 PM

Analysis? Explanations? These guys haven't even fixed the economy yet!

Title: Re: 2009 Nobel Prize in Economics
Post by: Bocsius on October 13, 2009, 12:32:10 PM

[Borys] Nothing against women... [/Borys]

Title: Re: 2009 Nobel Prize in Economics
Post by: Tieno on October 13, 2009, 12:47:22 PM

AMERICANT SHITS UP THE ECONOMY AND THEY GIVE THE NOBEL PRIZE FOR ECONOMICS TO A FUCKING AMERICUNT?

:usacry

Title: Re: 2009 Nobel Prize in Economics
Post by: CajoleJuice on October 13, 2009, 12:58:42 PM

God I'm distinguished mentally-challenged

I was wondering how that could be.

Title: Re: 2009 Nobel Prize in Economics
Post by: Kestastrophe on October 13, 2009, 01:02:50 PM

I think its UofC

Title: Re: 2009 Nobel Prize in Economics
Post by: Human Snorenado on October 13, 2009, 01:04:45 PM

Quote from: Tieno on October 13, 2009, 12:47:22 PM

AMERICANT SHITS UP THE ECONOMY AND THEY GIVE THE NOBEL PRIZE FOR ECONOMICS TO A FUCKING AMERICUNT?

:usacry

We won it last year too, Paul Krugman won. 

AMERICA- FUCK YEAH