Monday, October 12, 2009

First woman Nobel Laureate in Economics!!

Elinor Ostrom and Oliver E. Williamson won this year The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009 for their “"for her analysis of economic governance, especially the commons" and "for his analysis of economic governance, especially the boundaries of the firm" respectively.

There is a "the live web cast from the Royal Swedish Academy of Sciences, Stockholm, Sweden"

The person who answer the questions is "one of the Committee members about the 2009 Prize in Economic Sciences." He says in this interview that 'when any rules are framed among participants (read people)' themselves have better impact on their social interaction rather than The State framed rules.

Elinor Ostrom is the first woman Nobel Laureate in Economics Science.

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