First of many!!<\/p>\n
US duo wins Nobel Economics Prize
\nAgence France-Presse | 10\/12\/2009 7:13 PM
\nFirst woman lauded
\nSTOCKHOLM – Elinor Ostrom and Oliver Williamson of the United States won the 2009 Nobel Economics Prize on Monday for their work on the organisation of cooperation in economic governance, the Nobel jury said.
\nOstrom is the first woman to win the Economics Prize, which has been awarded since 1969.
\n“The research of Elinor Ostrom and Oliver Williamson demonstrates that economic analysis can shed light on most forms of social organisation,” the jury said.
\nOstrom won half the 10-million-kronor (1.42-million-dollar, 980,000-euro) prize “for her analysis of economic governance” especially relating to the management of common property or property under common control.
\nHer work challenging the conventional wisdom that common property is poorly managed and should be either regulated by central authorities or privatised, it added.
\nvia (UPDATE) US duo wins Nobel Economics Prize | ABS-CBN News Online Beta<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"First of many!! US duo wins Nobel Economics Prize Agence France-Presse | 10\/12\/2009 7:13 PM First woman lauded STOCKHOLM – Elinor Ostrom and Oliver Williamson of the United States won the 2009 Nobel Economics Prize on Monday for their work on the organisation of cooperation in economic governance, the Nobel jury said. Ostrom is the … <\/p>\n