Carnegie Mellon University beginnings lead to Nobel for Williamson

As a doctoral student at Carnegie Mellon University in the 1960s, Oliver E. Williamson wrote a dissertation that would transform economic theory. On Monday, the Royal Swedish Academy of Sciences recognized his work by awarding him a Nobel Prize in economic sciences. He became the eighth person with CMU ties to win a Nobel Prize in economics. "I can't imagine any other school producing three Nobel laureates who got their degrees in a 10-year period," said Ilke Baybars, deputy dean of the Tepper School of Business at CMU.