(PHOTO courtesy of http://newsinfo.iu.edu/news/page/normal/12185.htmlElinor Ostrom shared this year's Nobel Prize for economics with Oliver Williamson. Ostrom is the first female winner of the award.
"Ostrom has demonstrated how common property can be successfully managed by user associations", the Royal Swedish Academy of Sciences said.
Ostrom is an Indiana University professor. She was born in 1933. Her research looks to identify political legal and economic rules that prevent or help efficient and sustainable resource usage.
It's good to see the Nobel committee recognising the link between the economy and the environment.
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