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STOCKHOLM (AFP) – Elinor Ostrom became the first woman to win the Nobel Economics Prize on Monday for research seen as highly topical amid efforts to tackle climate change and in the wake of the economic crisis.
Economist Oliver Williamson, another US national, shared the 10-million-kronor (1.42-million dollar, 980,000-euro) prize with Ostrom, whose name has circulated for years as a possible winner.
Ostrom said it was "a great thrill and a very big surprise" to win the Nobel.
"I think we've already entered a new era and we recognise that women have the capability of doing great
Originally posted by elfie
Per the news yesterday, she advocates management of local resources by locals who are better able to gauge activities surrounding the areas and develop rules over time concerning their use. Rather than being managed at the federal level with little local input and regulations being established in one fell swoop, the local population tends to develop an approach that works best for their community ad the environment.
Originally posted by 4ortunate1
After what happened with the peace prize I was half expecting this award to go to Bernie Madoff.