By Charles H. Hamilton
Senior Fellow, Philanthropy New York
A few words about a recent Nobel Prize and its relevance to philanthropy. No, this isn’t about the Peace Prize to President Obama, which I think was a timely reminder of the value of hope. The United States’ international image is changing and that is all for the good; whether that hopeful image becomes reality remains to be seen.
By contrast, the Nobel Prize in Economic Science was awarded to Dr. Elinor Ostrom for her decades of real and important research on “economic governance.” It is good to note that many quite different foundations have funded her research. Two elements of her work bear mention here for their relevance to philanthropic practice.
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