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In Brief
Williamson Wins Economics Prize
Oliver Williamson,
the Edgar F. Kaiser Professor Emeritus of Business Administration,
received the 2004 H.C. Recktenwald Prize in Economics
for his contributions to the development of transaction
cost theory and institutional economics last November.
Established by Hertha Recktenwald in honor of her late
husband, the internationally recognized political economist
Horst Claus Recktenwald, the award is given every two
years. The previous recipients of the prize were Professor
Edmond Malinvaux of France, Nobel Laureate Joseph Stiglitz
of Columbia University, Princeton University economist
Paul Krugman, and economist Paul Romer of Stanford University.
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