Ostrom’s Nobel: Shedding paradigms

THE first woman to win the Nobel Prize in Economics, Elinor Ostrom, is not even an economist, but a political scientist. For professional economists, it is a reminder that their profession has no monopoly in explaining the economic behavior of human beings. Indeed, the marriage between political science and economics into the compound discipline now known as political economy has enriched both disciplines in a synergy that has helped in both explaining and addressing the world’s problems better.

Read more (Inquirer)

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