So, the annual issue of the Top 100 Most Influential People in the World is out and who appears alongside sports stars like Jeremy Lin and Tim Tebow, politicians like President Barack Obama, and singer Rihanna? Well, none other than PUP authors Elinor Ostrom and Andrew Lo.
In the write up for Elinor Ostrom, Robert Johnson notes, “Virtually all the world’s most urgent problems require collective action. Be it environmental protection, the international financial system or the dimensions of inequality, Ostrom’s work sheds light on the direction society must follow to avoid misuse of shared resources, ‘the tragedy of the commons.’”
Coincidentally, Elinor’s most recent PUP Book Working Together: Collective Action, the Commons, and Multiple Methods in Practice (co-authored with Amy R. Poteete and Marco A. Janssen) looks at how collective action works in research. In the book they actually write a revised theory of collective action that includes three elements: individual decision making, microsituational conditions, and features of the broader social-ecological context. We have made a free sample available here: http://press.princeton.edu/chapters/s9209.pdf
Rana Foroohar writes in her acknowledgment, “If Adam Smith had a mind meld with Charles Darwin, Andrew Lo might result. A professor at MIT’s Sloan School of Management, Lo is known for his multidisciplinary approach to finance, using everything from statistical analysis to neuroscience to better understand the markets. One of his most important ideas involves the ‘adaptive markets’ theory.”
In Hedge Funds: An Analytic Perspective, Lo turns his complete repertoire to examining and understanding how hedge funds work. The Economist praised the book saying “Anyone who is considering investing in hedge funds, or is involved in regulating the financial-services industry, should give it a go.” We agree and hope you’ll sample this free chapter.
Congratulations to our Time Top 100 authors!
For a fun take on the Top 100 of ALL Time, read Joel Stein: http://www.time.com/time/