Elinor Ostrom became the first women to receive Noble Prize in field of Economics!
Elinor Ostrom an American political scientist was awarded the 2009 Nobel Memorial Prize in Economic Sciences, which she shared with Oliver E. Williamson, for “her analysis of economic governance, especially the commons. She is the first woman to win the prize in this category. Ostrom is on the faculty of both Indiana University and Arizona State University. She is the Arthur F. Bentley Professor of Political Science and Co-Director of the Workshop in Political Theory and Policy Analysis at Indiana University in Bloomington and Research Professor and the Founding Director of the Center for the Study of Institutional Diversity at Arizona State University in Tempe.
Ostrom is considered one of the leading scholars in the study of common pool resources. In particular, Ostrom’s work emphasizes how humans interact with ecosystems to maintain long-term sustainable resource yields. Common pool resources include many forests, fisheries, oil fields, grazing lands, and irrigation systems. Ostrom’s work has considered how societies have developed diverse institutional arrangements for managing natural resources and avoiding ecosystem collapse in many cases, even though some arrangements have failed to prevent resource exhaustion. Her current work emphasizes the multifaceted nature of human–ecosystem interaction and argues against any singular “panacea” for individual social-ecological system problems.[encyclopaedia]
Ostrom’s achievement is certainly a boost to womenfolk morale around the globe, to foray into the alien fields of research where women have never entered. Womenlines pays hats off to her for her wonderful achievement!