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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 # 20. 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.
#6. To: socalv8 (#2) It involves killing brown people? This dark side of Tom Schelling is also the dark side of social science—the brash assumption that neat theories not only reflect the real world but can change it as well, and in ways that can be precisely measured.
Or it could be an economic theory that promotes unregulated free markets, trade, and opposes labor's right to organize for higher wages, better working conditions, and more benefits - not as overtly violent as war perhaps, but devastating none the less.
#20. To: lucysmom (#6) labor's right to organize for higher wages, better working conditions, and more benefits Lefty Labor proved too greedy.
Replies to Comment # 20. Lefty Labor proved too greedy. How many employees would it take to match the combined compensation of the top 209 CEOs? Answer, 102,000. www.bloomberg.com/news/20...-s-jobs-afl-cio-says.html But for you, it is labor that is too greedy - interesting. Why do you hate productive American workers?
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