Thursday, December 24, 2009

Ostrem Nobel Acceptance

The political scientist who shared the Nobel Prize for Economics this year was Eleanor Ostrem. I viewed her talk. What a gas! This lady sounds like (and probably is) someone's grandma. She seems jolly, nice, and very hard working. She does what anyone ought to do: think, test, and think some more! Unlike arm-chair economists, she apparently goes out into the field in search of real world examples of problems (the commons, property and resources) and sees how things really work. She then refines her theory. How novel! Well, anyway, I enjoyed her talk.

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