Monday, October 12, 2009

Elinor Ostrom becomes the first woman to win a the Nobel Prize in Economics

big congratulation to Elinor Ostrom who becomes the first woman to win the Nobel Economic Prize. She wins the award along with Oliver Williamson.

Ostrom one the award for her study on public commons and how commons made open to everyone to use can become abused and how people self govern to make sure that doesn't happen.

Williamson studied why business organized in the ways that they do.

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