Monday Oct 12, 2009

Oliver Williamson Wins the Nobel Prize in Economics

Some 5 years ago, I started my first entry on blogs.sun.com with a brief note quoting from an essay by Oliver Williamson about strategizing vs. economizing. (That essay was published in his book, The Mechanisms of Governance.)

It is most fitting that I should end my series of blog entries on blogs.sun.com with something about professor Williamson, too.

Today (October 12, 2009), through a series of accidents starting with a doctor's visit in Alameda, I was actually passing through UC Berkeley when my wife called me with the news of professor Williamson winning the 2009 Nobel Prize in Economics. I was luck because I was next to the Haas business school building and I had a real chance to drop by professor Williamson's office and to congratulate him in person. What a great honor, and what a great and most appropriate choice for a recipient of this prestigious prize in economics!

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