Nobel in Economics Announced
Elinor Ostrom of Indiana University and Oliver E. Williamson of the University of California, Berkeley have won the 2009 Nobel Memorial Prize in Economic Sciences.
Ostrom is the first woman ever to collect the Prize in Economics since the first was given in 1969. The committee cited her "analysis of economic governance, especially the commons" when announcing the Prize.
For his part, Oliver E. Williamson was honored for his "analysis of economic governance, especially the boundaries of the firm."
The duo will collect their joint prize of 1.4 million US dollars at an awards ceremony on December 10.