The Best of Berkeley: Professor Oliver E. Williamson, Nobel Laureate

The Best of Berkeley: Oliver "Ollie" Williamson is a Nobel Prize Winning economic scientist and a Haas faculty member since 1988. (http://www.haas.berkeley.edu/haas/abo...)

Williamson's work involves a multi-disciplinary field that he mapped out to study how varying organizational structures for markets and institutions affect economic activity. He is credited with co-founding "New Institutional Economics," which emphasizes the importance of formal institutions, as well as informal institutions such as social norms, and how they affect transaction costs.

Professor Williamson is a true embodiment of our school's Defining Principles: Question the Status Quo, Confidence Without Attitude, Students Always, and Beyond Yourself.

As the second-oldest business school in the United States, the Haas School of Business at the University of California Berkeley is one of the world's leading producers of new ideas and knowledge in all areas of business: http://haas.berkeley.edu