Farewell to the first woman to win the Nobel Prize in Economics

Professor Elinor Ostrom, the first and only woman to date to win the Nobel Prize in Economics, died on June 12 in Bloomington (Indiana, USA) at 78, due to the disease. cancer.

A prestigious political scientist with many years of teaching at Indiana University, she also has many contributions in the field of economic research and management of community resources. The 2009 Nobel Prize in Economics is a testament to that success.

Professor Elinor Ostrom spoke at a press event in 2009

In her economic management analysis, she pointed out that common property, or community resources such as forests, seafood, oil fields, etc., can be well managed by those who directly use them (local communities) instead of government or private businesses.

This is in stark contrast to the old notion that common property needs to be managed by the central government or to be privatized, thus highly appreciated by the Royal Swedish Academy of Sciences (RSAS).

Although the first time faced many protests and arguments by other scientists and even her own colleagues, Elinor Ostrom's new theory, however, contributed to a special way of looking at it. , especially in the field of economic management, creating the foundation for further research. Besides that, the theory also contributes to the fight against the current climate change of mankind and the future will be widely applied even though she has permanently stepped into another world.