FutureOfCapitalism.com (Free subscription) | 10/15/2009
Harvard economics professor and Nobel laureate Eric Maskin: The sort of economics that deserves attack is Alan Greenspan's idealized world, in which financial markets work perfectly well on their own and don't require government action. There are, of
The Oregon Economics Blog (Free subscription) | 10/15/2009
Via Greg Mankiw I learn about a fascinating web site, " The Browser ," and a very interesting and in-depth i nterview with Eric Maskin (Nobel winning economist) about economic theory and the crisis. Well worth the read and for those with some economics training, reading the referenced articles is worth the effort.
Techdirt (Free subscription) | 10/15/2009
With the Nobel Prize in Economics being awarded to Elinor Ostrom (as well as Oliver Williamson ) this year, plenty of people are noting that Ostrom's seminal work has to do with how the concept of "the tragedy of the commons" isn't really true in many cases, and how that "commons" can often self-regulate itself. And, Ostrom definitely recognizes how this applies to the "commons"...
EconLog (Free subscription) | 10/14/2009
Nobel Laureate Eric Maskin says , I think most of the pieces for understanding the current financial mess were in place well before the crisis occurred. If only they hadn't been ignored. We're not going to eliminate financial crises altogether, but we can certainly do a better job of preventing and containing them. Pointer from Tyler Cowen . I would say that there is a sense in which Eric Maskin does...
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