RIP Alberto Alesina and Oliver Williamson: Taking political and economic frictions seriously

2020 roars and keeps bringing bad news.

Economists Oliver Williamson and Alberto Alesina passed away last week.

A Fine Theorem Blog pays a tribute:

Very sad news this week for the economics community: both Oliver Williamson and Alberto Alesina have passed away. Williamson has been in poor health for some time, but Alesina’s death is a greater shock: he apparently had a heart attack while on a hike with his wife, at the young age of 63. While one is most famous for the microeconomics of the firm, and the other for political economy, there is in fact a tight link between their research agendas. They have attempted to open “black boxes” in economic modeling – about why firms organize the way they do, and the nature of political constraints on economic activity – to clarify otherwise strange differences in how firms and governments behave.

 

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