[2096] Of and the winner of the Nobel Peace Prize is…

However the Nobel economics this year should be great news for libertarians. Ostrom worked on explaining individuals can be trusted to maintain common property such as river, and state regulation may not be necessary. While Williamson’s work shows that efficiency could be achieved even within imperfect competitive industry, hence again nullify the need for government anti-trust measures. Overall, its all about less state interventions. So cheer up! Correct me if I’m wrong

http://mises.org/story/3784