RIP Noble Economics Winner Elinor Ostrom, She Asked Who'd Protect Common Resources

wkmac

Well-Known Member
And the answer shook up the status quo.

Elinor Ostrom, the only woman to win the Nobel Memorial Prize in Economic Science — an achievement all the more remarkable because she was not actually an economist — died on Tuesday in Bloomington, Ind. She was 78.

The cause was cancer, according to Indiana University, where she taught for many years.

Professor Ostrom’s work rebutted fundamental economic beliefs. But to say she was a dark horse for the 2009 economics Nobel is an understatement. Not because she was a woman — although women in the field are still rare — but because she was trained in political science.

Professor Ostrom’s prizewinning work examined how people collaborate and organize themselves to manage common resources like forests or fisheries, even when governments are not involved. The research overturned the conventional wisdom about the need for government regulation of public resources.

Elinor Ostrom, Winner of Nobel in Economics, Dies at 78
 
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