I was born in Superior, Wisconsin on September 27, 1932 as the second child of Scott and Lucille Williamson. Both of my parents had been high school teachers but my father left teaching when he married my mother and joined my grandfather, Oliver E. Dunn, in the family real estate business. My...

I was born in Los Angeles, California, on August 7, 1933, and grew up during the Great Depression. Fortunately, our house had a large backyard that we filled with a vegetable garden and fruit trees. I learned how to grow vegetables and how to can apricots and peaches during the heat of summer....

Elinor Ostrom delivered her Prize Lecture on 8 December 2009 at Aula Magna, Stockholm University. She was introduced by Professor Bertil Holmlund, Chairman of the Economic Sciences Prize Committee.

Interview with the 2009 Laureates in Economic Sciences Elinor Ostrom and Oliver E. Williamson, 6 December 2009. The interviewer is Adam Smith, Editor-in-Chief of Nobelprize.org.

Oliver E. Williamson delivered his Prize Lecture on 8 December 2009 at Aula Magna, Stockholm University. He was introduced by Professor Bertil Holmlund, Chairman of the Economic Sciences Prize Committee.

Traditionally, economic theory has by and large been a theory of markets or, more precisely, about market prices. However, there are at least two reasons why economic science should extend beyond price theory. First, markets do not function properly unless suitable contracts can be formulated...

Scientific Background on the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009 compiled by the Economic Sciences Prize Committee of the Royal Swedish Academy of Sciences