Oliver Williamson, UC Berkeley's newest Nobel laureate in economics, is described as a traditional scholar with a dry wit who is generous with his time and ideas. [T]he Nobel committee cited Williamson's "analysis of economic governance, especially the boundaries of the firm." Williamson's most important book was "Markets and Hierarchies," which tried to answer the question: How do we organize, hierarchically or horizontally?

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Oliver Williamson, UC Berkeley's newest Nobel laureate in economics, is described as a traditional scholar with a dry wit who is generous with his time and ideas. [T]he Nobel committee cited Williamson's "analysis of economic governance, especially the boundaries of the firm." Williamson's most important book was "Markets and Hierarchies," which tried to answer the question: How do we organize, hierarchically or horizontally?

Authors Bio:
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.