The Wild West ... the outback ... The new world of the 1800s was a time of true liberty. People stood on their own merits. They won or they lost and they reaped the rewards or swallowed the consequences. There were no cubicle dwelling civil servants hell bent on saving you from yourself. No planning permits no licenses no permissions no heritage overlay no bylaw no regulators no inspectors. And guess what ... it worked

This site is set up to provide a forum for a number of like minded professional economists to post and comment on contemporary issues. There are a number of regular contributors whose bios are made available on the site. Most if not all of these contributors use a pseudonym for the simple reason that they are practicing economists who must take into consideration the commercial implications of posting their opinions.

While some may feel that this is a bit of a gutless approach it is the only way we can ensure free and open discussion without jeopardising our paycheques.

Wednesday, October 14, 2009

Who are these guys? (Roy Rodgers)

This years nobel in economics went to Elinor Ostrom and Oliver Williamson. If your wondering who these guys are then you may find the following links helpful.

CATO ... defending their apparent liberal bents.

The Harvard Crimson ... seems Harvard are skirty that Oliver Hart didn't get it.

Vernon Smith on Ostrom ... good background on Ostrom

George Mason ... also has a number of Ostrom links

John Nye (Forbes) ... good background on both winners

Marginal Revolution on Williamson ... background on Williamson's major contribution

Its interesting to note that they both appear to be fairly free market based economists ... which makes you wonder how they got nobels in the current climate.


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