Silly Little Country

Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

To Elinor Ostrom and Oliver E.Williamson.
WSJ explains why in a short note.
But there are other perspectives:

In a decision as shocking as Friday's surprise peace prize win, President Obama failed to win the Nobel Memorial Prize in Economic Sciences Monday.
While few observers think Obama has done anything for world peace in the nearly nine months he's been in office, the same clearly can't be said for economics.
The president has worked tirelessly since even before his inauguration to wrest control of the U.S. economy from failed free markets, and the evil CEOs who profit from them, and to turn it over to wise, fair and benevolent bureaucrats.

h/t Jose M Guardia for the other perspective.

posted by Alan Adamson @ 12:07 PM