Oliver Williamson is pictured with his 2009 Nobel Prize for Economic Sciences. The longtime UC Berkeley professor died at the age of 87. (Photo courtesy of UC Berkeley Haas School of Business)

A University of California at Berkeley professor who won a Nobel Prize in Economic Sciences passed away this month following a period of failing health, according to the university.

Oliver Williamson, who died May 21 at the age of 87, won the Nobel Prize in 2009 for what UC Berkeley officials said were his insights into what is known as the “make or buy” decision, in which businesses choose whether to outsource a process, service or other function or keep the work in-house.

Continue reading for free

Sign in to read this story and receive the weekly roundup in your inbox.

Or

Terms & Conditions

Success! Your account was created and you’re signed in.
Please visit My Account to manage your account.

Dan McMenamin is the managing editor at Bay City News, directing daily news coverage of the 12-county greater Bay Area. He has worked for BCN since 2008 and has been managing editor since 2014 after previously serving as BCN’s San Francisco bureau reporter. A UC Davis graduate, he came to BCN after working for a newspaper and nonprofit in the Davis area. He handles staffing, including coaching of our interns, day-to-day coverage decisions and management of the newswire.