Real-world research wins Nobel Prize in economics
Washington Post
Oct. 13, 2009
By Neil Irwin
The Nobel Prize in economics was awarded Monday to two scholars whose research shed new light on how groups of people cooperate, honoring work that is grounded in the real world over more abstract mathematical models.
Elinor Ostrom, a political economist at Indiana University, and Oliver Williamson, an economist at the University of California at Berkeley, will split the $1.4 million prize, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Ostrom is the first woman to win the prize since it was created four decades ago.
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Learn more about Elinor Ostrom's Nobel Prize.
