Woman wins Nobel Prize in Economics for first time ever

For the first time ever, a woman has won the Nobel Prize in Economics.

Elinor Ostrom, a seventy-six year old professor of political science at Indiana University won the $1.4 million dollar prize for her research into how natural resources or “common property can be successfully managed by user associations”.  She shares the prize with fellow American, Oliver Williamson, of the University of California, Berkeley.

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