More on the economics Nobels from Paul Krugman, Vernon Smith, David Henderson, and Tyler Cowen (1, 2).
UPDATE: Like my co-bloggers, I am very pleased with the selection of Ostrom and Williamson. They are both very important figures who are well deserving. On a personal note, they have also both been influential on my own work, particularly the research on this article, which discusses the tension between antitrust law and resource conservation.