Mea Maxima Culpa!

Ooops.

I suggested that my initial reaction and remarks about Nobel Economics Prize winners President Barack Obama Elinor Ostrom and Oliver Williamson might have to be "revised and extended."

Reading yet another positive review today, this time from David Henderson of the Hoover Institution, I am going to stop digging and offer a full and fulsome retraction.

I, jk, misread the existence of structured, non-coercive association that is respectful of property rights as collectivism. I criticized without complete knowledge and my criticism was off base. I humbly recant and apologize to the Nobel committee and any ThreeSourcers who were inconvenienced.

I feel better.

Economics and Markets Posted by John Kranz at October 13, 2009 12:45 PM