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Archive for the ‘News’ Category
Silent Night
We are sorry for the lack of posting, with the crazy holiday season in full swing time is a little tight. Dennis and I promise to get back on it in the new year. We want to wish you and yours a happy holiday season and we will see you in the new year!
Elinor Ostrom – First Woman to Win Nobel Prize
More news from the Royal Swedish Academy of Sciences today as the Nobel Prize for Economics was announced. Dr Elinor Ostrom, professor at Indiana University was awarded the prize earlier this morning. Dr. Ostrom is the first woman to receive the prize since its inception in 1968. Dr. Ostrom, along with her co-prize winner Oliver E. Williamson, has done extensive research in the field of economics pertaining to the idea of the commons.
The commons in economic terms refers generally to a shared resource that no one entity can claim as their own property. An easy example is clean air. No entity owns the air, nor can charge for using the resource. The commons often gets cited in referenced in terms of the tragedy of the commons, where the resource is exploited due to its lack of ownership.
Dr Ostrom has applied these theories to work in economic governance in relation to natural resources. Dr. Ostrom has published multiple works on how humans interact with the natural world and have created institutions to protect these common resources. Her work has changed the way private institutions and governments look at their use of these common resources.
Razornomics would like to congratulate Dr. Ostrom and Dr. Williamson on their extraordinary achievement.
More information on Dr. Ostrom
Oliver Williamson and Elinor Ostrom
Obama Wins….Nobel Peace Prize?
This morning the Norwegian Nobel Committee announced that President Barack Obama was to be awarded the Nobel Peace Prize…hum…that’s …shocking actually. While I try to keep my nose out of the dirty business of politics, I’m having a hard time understanding this decision. The peace prize is different from other Nobel prizes in that it recognizes more recent actions. With Obama only being in office for ~9 months, recent has taken on a whole new meaning.
Yes, I understand that Obama certianly has a different approach to diplomacy than President Bush. I do give President Obama credit for sitting down with nations, and listening rather than speaking for a change — but lets not forget: a war in Iraq, a war in Afghanistan, civil unrest over violence in Obama’s home state of Illinois - a faltering economy, 10% unemployment and the list goes on. At this point in time, I’m not feeling very at peace under our elected leader. Now I know you’re saying I’m pessimistic and anti-democrat, take that as you may, but take a look at previous winners ( Al Gore aside) – Martti Ahtisaari, who has worked for decades to resolve international conflict through his position at the UN, and the Grameen Bank ( a personal favorite) for their pioneering work in micro-loans.
I, and am sure many others feel the same way; Thank you President Obama for being diplomatic…but lets save the big prize for those more deserving.
Peace...Love..Obama?
The NEW Razornomics
Hello Everyone, We’ve re-launched Razornomics – a new look and new posts will be coming your way. Interested in joining the team? Shoot me an email – Info@Razornomics.com
