Cal Snags 21st Nobel Prize

Oliver E. Williamson, the Edgar F. Kaiser Professor Emeritus of Business, Economics, and Law at UC Berkeley, a pioneer in the multi-disciplinary field of transaction cost economics, and one of the world’s most cited economists, is a winner of the 2009 Nobel Prize in Economic Sciences.

This is the fifth economics Nobel for UC Berkeley — three were awarded in the past nine years — and Cal’s 21st Nobel Prize overall in fields including economics, physics, chemistry, and literature.