Tag Archives: Social Science

The perils of studying economics

I think that basic economics, the way it is taught today, tends to give people reflexive pro-free market, anti-government positions — positions that arenot held by people with a deeper exposure to economic thinking. When your understanding of government finances is based on reading the newspaper, it’s somewhat eye-opening to come to college and learn… Read More »

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

for 2009 goes to Oliver Williamson, “for his analysis of economic governance, especially the boundaries of the firm” and Elinor Ostrom, a political scientist, “for her analysis of economic governance, especially the commons”. Steven Levitt of Freakonomics thinks this means that “the prize is moving toward a Nobel in Social Science, not a Nobel in economics.”