Who is the first woman winner of the Nobel prize in economics?
For the first time ever the Nobel Prize for Economics has been won by a woman. Professor Elinor Ostrom, from Indiana University, has been given the award jointly with another American, Professor Oliver Williamson formerly of the University of California at Berkeley. The final prize of the Nobel season, which is worth almost one million euros, has been given for their work on economic analysis and how it can shed light on the workings of society and companies. Professor Ostrom said: “My first reaction was a great, great surprise and appreciation. There are many, many people who have struggled mightily, and to be chosen for this prize is a great honour and I’m still a little bit in shock.” She defied conventional wisdom with studies showing user-managed property – such as fish stocks or common grazing land – is mostly well run and seldom benefits from privatisation or government regulation. Professor Oliver Williamson is an expert on conflict resolution particularly within companies. Thi
Elinor Ostrom, the first woman to win a Nobel Prize in economics, says a key thread of her research is people power. The Indiana University political scientist says that means the power of people to successfully manage common resources like forests, fisheries, oil fields or grazing lands, rather than having them handled by the government or private companies. During a brief session with reporters in Bloomington, Ostrom said: “What we have ignored is what citizens can do and the importance of real involvement of the people involved — versus just having somebody in Washington … make a rule.” Sources: http://www.thehawkeye.
For the first time ever the Nobel Prize for Economics has been won by a woman. Professor Elinor Ostrom, from Indiana University, has been given the award jointly with another American, Professor Oliver Williamson formerly of the University of California at Berkeley. The final prize of the Nobel season, which is worth almost one million euros, has been given for their work on economic analysis and how it can shed light on the workings of society and companies. Professor Ostrom said: “My first reaction was a great, great surprise and appreciation. There are many, many people who have struggled mightily, and to be chosen for this prize is a great honour and I’m still a little bit in shock.” She defied conventional wisdom with studies showing user-managed property – such as fish stocks or common grazing land – is mostly well run and seldom benefits from privatisation or government regulation. Professor Oliver Williamson is an expert on conflict resolution particularly within companies. Thi
Elinor Ostrom, the first woman to win a Nobel Prize in economics, says a key thread of her research is people power. The Indiana University political scientist says that means the power of people to successfully manage common resources like forests, fisheries, oil fields or grazing lands, rather than having them handled by the government or private companies. During a brief session with reporters in Bloomington, Ostrom said: “What we have ignored is what citizens can do and the importance of real involvement of the people involved — versus just having somebody in Washington …
