A nobel prize for governance and Institutions: Oliver Williamson and Elinor Ostrom

Earl, P and Potts, J 2011, 'A nobel prize for governance and Institutions: Oliver Williamson and Elinor Ostrom', Review of Political Economy, vol. 23, no. 1, pp. 1-24.


Document type: Journal Article
Collection: Journal Articles

Title A nobel prize for governance and Institutions: Oliver Williamson and Elinor Ostrom
Author(s) Earl, P
Potts, J
Year 2011
Journal name Review of Political Economy
Volume number 23
Issue number 1
Start page 1
End page 24
Total pages 24
Publisher Routledge
Abstract This paper reviews the 2009 Nobel Prize in Economics jointly awarded to Oliver Williamson for his work on governance in organizations and the boundaries of the firm, and to Elinor Ostrom for her work on the governance of common pool resources. We review the careers and the research contributions of Williamson and Ostrom to the theory and analysis of economic institutions of governance. Both winners of this Prize for ‘economic governance’ are thoroughly deserved, yet like the Hayek– Myrdal Prize of 1974 their respective approaches, methods and findings are almost diametrically opposed
Subject Political Science not elsewhere classified
DOI - identifier 10.1080/09538259.2011.526291
Copyright notice © 2011 Taylor & Francis
ISSN 0953-8259
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