American economist Elinor Ostrom has officially become the first woman awarded the the Nobel Prize in Economic Science. The prize has been awarded to 62 men since it launched in 1969.
Ostrom teaches at Indiana University, Bloomington and will share her prize with Oliver Williamson, who is a professor at the University of California, Berkeley. Both professors study economic governance and relationships with nonmarket institutions.
Professor Ostrom is a leading scholar in common pool resources. A common pool resource (in economics) is a natural or human-made resource system that is considered a 'common property' resource. The Nobel judges cited Ostrom's 'analysis of economic governance, especially the commons' as the reason why Ostrom was awarded this coveted prize.
Williamson also works separately on economic governance and firm-based hierarchy. The judges cited his 'analysis of economic governance, especially the boundaries of the firm' as the reason why Williamson was presented with this year's prize.
The awards given to Ostrom and Williamson were the last Nobel Prizes handed out this year. Out of the 13 prizes awarded, 11 were given to Americans.
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Other Women Nobel Laureates
|Name||Year the Prize was Won||Category|
|Bertha von Suttner||1905||Peace|
|Emily Greene Balch||1946||Peace|
|Dorothy Crowfoot Hodgkin||1964||Chemistry|
|Gertrude B. Elion||1988||Physiology/Medicine|
|Aung San Suu Kyi||1991||Peace|
|Rigoberta Menchu Tum||1992||Peace|
|Linda B. Buck||2004||Physiology/Medicine|
|Elizabeth H. Blackburn||2009||Physiology/Medicine|
|Carol W. Greider||2009||Physiology/Medicine|
|Ada E. Yonath||2009||Chemistry|