Journal zogger's Journal: Ostrom and Oliver for Economic Prize 1
A shared "in memory of Nobel" economic prize this year for Elinor Ostrom and Oliver E. Williamson for their work on Economic Governance. BBC coverage, WSJ coverage. The two academics teach at Indiana University Bloomington and U Cal Berkeley. Berkeley has their news release up so far. Here are wiki writeups on them: Elinor Ostrom, Oliver E. Williamson
Interesting pairing (Score:2)
Both come about as close to distributionist idealists as you can get while still staying in the mode of classical economics. Ostrom proved that end users are the best managers of resources (not centralized governments or centralized markets) due to the end-user's interest in the local resource continuing to produce. And Williamson would claim that small, hierarchical firms in limited markets are better suited to conflict resolution than millions of consumers and businesses where the only conflict resoluti