The 2009 Nobel Prize for Economics has been announced. I’m not familiar with the work of the winners, Elinor Ostrom and Oliver Williamson, I spend far too much of my time heads down over models, but judging from some of the reaction online they are definitely my sort of economists. If you are interested, here are Henry Farrell and Lynne Kiesling.

I should also note that Henry blogs for Crooked Timber which is a fairly left wing political blog, whereas Lynne has distinct Libertarian leanings. For both of them to be happy about the Nobel Prize seems quite remarkable.