Elinor Ostrom becomes the first Woman to get Nobel Prize for Economics

So the award is finally out. It goes to Oliver Williamson (of UC Berkeley) and Elinor Ostrom (of Indian Univ) for their work on governance. Most predictions I have seen got it wrong. I don’t want to take any credit but had mentioned instituional economics in my predictions post. When I said instiutional economics it was very much Williamson that was on my mind. 

What is more amazing is Elinor Ostrom ( of Indiana Univ) becomes the first woman to get Eco Nobel. What is more embarrassing is  I haven’t read any of her work. This is like 2007 for me when I woke up to mechanism design theory.

Press Release says:

Elinor Ostrom
Indiana University, Bloomington, IN, USA,

“for her analysis of economic governance, especially the commons”

and

Oliver E. Williamson
University of California, Berkeley, CA, USA,

“for his analysis of economic governance, especially the boundaries of the firm”

There is basic information for the public and advanced information for the budding economists/other interested. Both are usually excellent and something I wait more than the name of the recepient. It teaches you so much. It would be out with a speed read soon. Speed read is here


I would post more as I find out more about their work. I have read a bit of Williamson. Someone told me when North/Fogel got it in 1993 some people cringed that Williamson didn’t get it. And would have to wait longer. It took 16 years!!

Now get on to some reading.

Update:

As expected there is tons of material. And quite a few top econs are not familar with the work of Ostrom. Ostrom has created a storm really.

9 Responses to “Elinor Ostrom becomes the first Woman to get Nobel Prize for Economics”

  1. Nobel Prize for Economics 2009 Predictions « Mostly Economics Says:

    […] Elinor Ostrom becomes the first Woman to get Nobel Prize for Economics « Mostly Economics Says: October 12, 2009 at 4:59 pm | Reply […]

  2. “Elinor Ostrom and the well-governed commons” and related posts « Composition4u.info Blogs Says:

    […] Elinor Ostrom becomes the first Woman to get Nobel Prize for Economics – Mostly Economics […]

  3. insurance Says:

    This is a total rip off! Everyone knows that Obama should have won the Nobel in Economic Science. Obviously the Nobel committee did not realize that Obama should win in every category. He has been just as successful in economics as he has in peace…I wonder is racism is involved?

  4. Elinor Ostrom | FTP2FTP News Says:

    […] Economics Nobel Goes To Elinor Ostrom And Oliver E. WilliamsonIt goes to Oliver Williamson (of UC Berkeley) and Elinor Ostrom (of Indian Univ) for their work on governance. Most predictions I have seen got it wrong. I don’t want to take any credit but had mentioned instituional economics in my … Read more […]

  5. Oliver Williamson | Celebrity news Says:

    […] Elinor Ostrom becomes the first Woman to get Nobel Prize for … […]

  6. Chrystal K. Says:

    Congrats guys!

  7. Lisa Says:

    Congratulations to both.

  8. ZAHID SARWAR Says:

    congratulations a lot from the core of my heart on winning this year Nobel Prize. i expect to receive some advice for students of economics from both of the worthy Professors.

  9. Sharie Tourtellotte Says:

    Love your article about speed reading! Thanks!

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