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Ollie Williamson, MBA '60, winner of the 2009 Nobel Memorial Prize in Economic Sciences
“I have no doubt that the economics of governance is influential in significant measure because it does speak to real world phenomena and invites empirical testing. … All feasible forms of organization are flawed, and … we need to understand the trade-offs that are going on, the factors that are responsible for using one form of governance rather than another, the strengths and weaknesses that are associated with each of them.”
– Oliver Williamson, MBA ‘60, professor emeritus at UC-Berkeley’s Haas School of Business, in his first interview after learning he would receive the 2009 Nobel Memorial Prize in Economic Sciences “for his analysis of economic governance, especially the boundaries of the firm.”
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