The Nobel Prize in Economic Sciences 2009 was awarded to Americans Elinor Ostrom and Oliver Williamson for their work in economic governance. Ostrom was the first woman to win the prize since it was founded in 1968, and the fifth woman to win a Nobel award this year — a Nobel record.
Awarded in Memory of Alfred Nobel, The Sveriges Riksbank Prize in Economic Sciences honored Elinor Ostrom of Indiana University
"for her analysis of economic governance, especially the commons".
Ostrom shares the award with Oliver Williamson of the University of California "for his analysis of economic governance, especially the boundaries of the firm".
Elinor Ostrom, born in 1933,is an American political scientist. She is the first woman to win the prize in this category. She is also the Arthur F. Bentley Professor of Political Science, and Co-Director of the Workshop in Political Theory and Policy Analysis at Indiana University Bloomington. In addition, she is the Founding Director of the Center for the Study of Institutional Diversity at Arizona State University.
Oliver Williamson, born September 27, 1932 is a prominent author in the area of transaction cost economics. He has held professorships in business administration, economics, and law at the University of California, Berkeley since 1988 and is currently the Edgar F. Kaiser Professor Emeritus at the Haas School of Business.
The awards ceremony for Elinor Ostrom and Oliver Williamson to receive their Nobel Prize in Economic Sciences 2009 is planned for December in Stockholm. They will share the prize equally, which is about $1.4 million.
Cheryl Phillips
Exclusive to HULIQ.com
sources: wikipedia, nobelprize.org
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