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Opinions/Editorials Title: A Political Scientist Who Does Great Economics On the selection of Elinor Ostrom for the Frank E. Seidman Distinguished Award in Political Economy in 1997, I was invited to the award ceremony to say a few words. A colleague asked me who the recipient was, and I said "Elinor Ostrom." Ostrom pioneered the study of informal, non-governmental institutions that people invent to ration their use of the "commons," even in asymmetrical situations like upstream versus downstream occupants of a river bank. What is known as the "free rider" (non-cooperator) problem has found a number of solutions, voluntarily adopted, in a variety of cultures and environments. Elinor Ostrom "discovered" this subject and revealed it to us with examples ranging from the simple to the sophisticated. The Nobel prizes are intended to honor not lifetime achievement but specific discoveries or inventions. Elinor Ostrom is a perfect example. It has been remarked that she is the first woman to be awarded the prize in economic sciences. (Several women in other disciplines were awarded Nobels this year.) She is also the first political scientist, symbolizing that you don't need a Ph.D. from an economics department to do work that advances economic "sciences." Daniel Kahneman, who with Amos Tversky (deceased) pioneered what is now called "behavioral economics," is a psychologist at Princeton who received the Nobel recently. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 18. Have you figured out yet how political science relates to economics?
#2. To: lucysmom (#1) Have you figured out yet how political science relates to economics? It involves killing brown people? Nobel laureate Thomas Schelling's little-known role in the Vietnam War.
#5. To: socalv8, lucysmom, and her kids, All (#2) (Edited) Have you figured out yet how political science relates to economics? Too many words between Politics and Economics which is what people like Strauss Kahn (SEE ELite never go to jail for details BWAHAHAHAHAHA) are paid handsomely to put into the middle to confuse you and your kids. ROOM SERVICE has an entirely different meaning to the Elite. But Political Economics Bastiat. That book is censored BTW. Cause it's WAAAAY to educational for children. especially Starving children. And Starving children on drugs with guns is not an accident. It's a result. Attention Lucy'sMom with kids... Here's an example of Political economics. The US Banking System is Insolvent. The Elite control the Imperial Capital so they declare that the Elite Banksters like Mozillo need a Bailout. From Insolvency---Zero Interest Rates and loan that $$$ back to the Treasury at 3%. While the Bottom 90% get the higher Prices for commodities that are now being chased by this Zombie Money. That's Political Economics... Your children will be seeing perpetual war as a result. That's Political Economics. The Elite always take care of the Small People....
BUWAHAHAHAHAHAHA Now GET BACK TO WORK, PLEBES 8D
#12. To: mcgowanjm (#5) Your children will be seeing perpetual war as a result. That's Political Economics. It is an end to which political science can be put, but it is not political economics which is the study of what is and how it works - sort of like what the study of physics is to "The Bomb".
#18. To: lucysmom (#12) Your children will be seeing perpetual war as a result. That's Political Economics. Not clear. What is clear is that the Bottom 80% have been systematically stolen from, and placed hoplessly in debt by a crony capitalist ponzi scheme. And Political Economics trumps PoliSci everytime. Which is why the Top 50 000 are desperate not to offer degrees in it. "The stock market is up 100 percent from the lows reached in 2009 yet home prices have made new cycle lows. So you have to ask, what were those bailouts for in the first place? Just look above and you get a better sense. You will also have to remind yourself that a large percentage of financial wealth is aggregated in the hands of 1 percent of the population. This incredible income inequality rivals that of the 1920s. The trend of income inequality is only increasing: look-at-the-wealth-gap-grow
Replies to Comment # 18. People have been screwing each other over since the garden of eden - political science isn't to blame for that.
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