First Female Nobel Economist Challenged Status Quo | WAMU 88.5 - American University Radio

First Female Nobel Economist Challenged Status Quo

Elinor Ostrom became the first woman to win the Nobel Prize in economics by challenging the status quo. A long-standing theory called the Tragedy of the Commons says that in the absence of property rights, people will damage commonly-held resources like forests and fisheries. Ostrom found that's often not the case. She died Tuesday morning in Indiana at the age of 78.
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