Dr. Oliver E. Williamson

Dr. Oliver Williamson is an economist who decides how the boards of directors of companies make decisions and what their far-reaching consequences are. He tried to take a different path without studying the company sector. He was awarded the Nobel Prize in Economics in 2009. Williamson recently passed away. As an economist, he studied in detail the internal affairs of various business entities, companies, government agencies, joint ventures. He was awarded the Nobel Prize in Economics in 2009 along with the political scientist Mrs. Eleanor Ostrom in the wake of the 2008 US financial crisis.

He was awarded the Nobel Prize for his work in regulating industry and economic affairs. Why and how any establishments come into existence, why only a few industries get monopolies in certain areas, They decided to solve different questions about why small companies can't do that. He sheds new light on what exactly happens when decisions are made about whether to make a product or to outsource it.
Although he was an economist, he was a sociologist. Even before the branch of behavioral economics became popular, he sought to explore the relationship of law, psychology, sociology, and political science to economics. It strengthened the foundation of contemporary economics. Even before the branch of behavioral economics became popular, he sought to explore the relationship of law, psychology, sociology, and political science to economics. It strengthened the foundation of contemporary economics. Even before the branch of behavioral economics became popular, he sought to explore the relationship of law, psychology, sociology, and political science to economics. It strengthened the foundation of contemporary economics.


Williamson was educated at the Massachusetts Institute of Technology. Later, while studying at Stanford, he became interested in economics. Nobel laureate Kenneth Arrow brought them to the field; James March and Herbert Simon offered interdisciplinary approaches. Williamson was popularly known as Oli. He began his career as an engineer at the General Electric Company. Later, in the 1970's, he turned to economics and taught for three decades at the University of California, Berkeley. He also worked at Yale University's Carnegie Institute of Technology. He would call his colleagues and students at home and discuss. "Even though I won the Nobel Prize as an economist, the teaching profession was more satisfying," he used to say.