INTERMEDIATE

Elinor Ostrom

Elinor Ostrom (August 7, 1933 – June 12, 2012) was an American political economist whose analysis of self-governance and the commons, along with other notable works, lead her to become the first woman to win the Nobel Memorial Prize in Economic Sciences. Ostrom authored many books in the fields of political science, public administration, and organizational theory.

Fun Fact: In 2012, Ostrom was cited as one of the world's 100 most influential people by TIME Magazine.

To learn more about Ostrom's ideas, such as how economic thinking can be applied to solve various problems,  check out one of our summer seminars Problem Solving 101.

 

Elinor Ostrom at managing "common pool" resources 

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November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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