Elinor Ostrom and Oliver Williamson – Nobel for Economics

elinor ostrom and oliver williamsonNot everything in Nobel is a clouded by politics. In economics, Indiana University professor Elinor Ostrom becomes the first woman to win the 2009 Nobel prize for Economics since 1968 for her analysis of economic governance. Moreover, she’s the 5th woman to get a Nobel this year.

Prof Ostrom, 76, the Arthur F. Bentley Professor of Political Science at , is the first woman to win the prize since it was founded in 1968. She was the fifth woman to win a Nobel award this year – a record for the prize.

“Over the last three decades, these seminal contributions have advanced economic governance research from the fringe to the forefront of scientific attention,” said the academy.

Each will get around £900,000 plus a diploma and gold medal awarded by the Sweding King.

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