Oscar Williamson, the UC Berkeley economics professor who just won the Nobel Prize, plans to use his new found influence to lobby against the massive budget cutbacks in the UC system, according to the Bay Area News Group. Williamson said the university system needs to turnaround its finances quickly to maintain quality. "There is real jeopardy, and the longer it goes on, the more we're at risk," he said.
In accepting the Nobel, Williamson credited UC Berkeley for nurturing groundbreaking research, calling it a "glorious place," where "the commitment to excellence is extraordinary." But the professor is worried that continued budget cuts put the campus' future academic excellence in doubt. Williamson won the Nobel for his research in economic governance -- the way authority is exercised in companies and economic systems, according to the Associated Press. It's Berkeley's fifth Nobel in economics and the campus' 21st overall.