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Nobel 2009 : Economics


Today ended the first part of the Nobel ceremony, with the awarding of the Nobel Prize for Economics. This year, as rarely happens for this award, the award was a multiple, as are the reasons.
Definitely a lot to surprise this year was awarded the first Nobel Prize in Economics to female Elinor Ostrom of Indiana University in Bloomington for the following reasons:

"for her analysis of economic governance, especially the commons"

Its activity was Concetrate mainly on the study of common resources: in fact may be considered a supporter of a sustainable, at least read the list of his publications. It takes care of political science (a discipline in which she graduated and took a PhD) and public administration, as you may guessed from the grounds of the award.

The second prize went to Oliver Williamson of Berkeley for the following reasons:

"for his analysis of economic governance, especially the boundaries of the firm"

Williamson's career, at least according to scientific publications, spread all around the study of economic governance, and in perfect line with the reasoning of the premium. It takes care of contracts, corporate finance, transaction costs: in the latter field has developed a set of ideas about the incomplete transactions and the company-supplier. Williamson is to be considered for studies and career, an economist pure.

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