It’s Williamson, at Last!

12 October 2009 at 7:15 am 14 comments

Picture1| Peter Klein |

A hearty congratulations to Oliver Williamson, co-recipient (along with Elinor Ostrom) of this year’s Nobel Prize in economics. As Williamson’s former PhD student, I’m thrilled beyond belief. The O&M crew have all been heavily influenced by Williamson (and, to a some degree, Ostrom too) and will have much more to say about this in the coming days. But, for now, just enjoy!

Entry filed under: - Klein -, New Institutional Economics, People, Theory of the Firm. Tags: .

Ashley Judd and Bob Lucas Ripped from the Headlines

14 Comments Add your own

  • 1. Peter Hofherr  |  12 October 2009 at 8:15 am

    Great News! It is wonderful to see such great work recognized.

  • 2. David Gerard  |  12 October 2009 at 8:50 am

    50-1, I should have plunked some money down.

    Congrats, Peter. Has there been a shift in your demand curve yet?

  • 3. Mauro Mello Jr.  |  12 October 2009 at 8:51 am

    Very good news indeed! It’s great to see Williamson’s work on institutions, organizations and governance recognized and rewarded.

  • 4. tf  |  12 October 2009 at 9:10 am

    Fantastic!!

  • 5. Alex Tabarrok  |  12 October 2009 at 9:25 am

    Shelanski, Klein (1995) is cited in the scientific explanation! Congrats!

  • 6. brayden  |  12 October 2009 at 9:36 am

    Very cool! Glad to see the award finally go his way.

  • [...] Update 3: Eric Falkenstein says that Williamson isn't mathematical enough, and that therefore "it's hard to develop models based on his work." Still, he's "very good for undergraduates." (Harsh!) Those could be fighting words over at the Organizations and Markets blog, where the resident Williamsonites are presumably gonna be gushing his praises all week long, although as of Monday at 10:56 they'd managed only a paragraph. [...]

  • 8. Lasse  |  12 October 2009 at 10:25 am

    Justice is served!

  • [...] a comment » So, beyond the seminal contributions of his work (O&M will undoubtedly touch on this in an upcoming post), here’s why Oliver Williamson’s Nobel prize in [...]

  • 10. of cows and collective action « orgtheory.net  |  12 October 2009 at 11:14 am

    [...] a lot of orgTheory readers, Oliver Williamson’s win will be the more exciting and relevant of this year’s laureates.  Oliver Williamson is really one of us; many [...]

  • 11. Noble Nobels | Anything Peaceful  |  12 October 2009 at 11:14 am

    [...] Peter Klein [...]

  • [...] governance, especially the boundaries of the firm”. Williamson was also Klein’s dissertation chair. Other work by Klein related to this field includes his blog Organization and Markets, his classic [...]

  • [...] governance, especially the boundaries of the firm.” Williamson was also Klein’s dissertation chair. Foss & Klein’s article discusses the links between Williamson’s work, the fields [...]

  • [...] Lin's work demonstrates (and Williamson's as well but I will leave that to others such as Peter Klein to explain) is how individuals can in a variety of settings work to find (or stumble upon) [...]

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