Tags: ostrom | nobel | economics | dead

Elinor Ostrom, Only Female Nobel Winner in Economics, Dies at 78

Tuesday, 12 Jun 2012 12:24 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Elinor Ostrom, the only woman to win the Nobel Prize in economics and a professor of political science at Indiana University in Bloomington, Indiana, has died. She was 78.

Ostrom died today from pancreatic cancer at IU Health Bloomington Hospital, the school said in a statement.

She received the Nobel in 2009 for work showing that informal groups of ordinary people can sometimes manage natural resources such as forests and lakes better than governments or private companies.

Ostrom had a “passion for the epochal academic study of the intersections between economics and societal institutions,” according to the statement.

“Indiana University has lost an irreplaceable and magnificent treasure with the passing of Elinor Ostrom,” university President Michael A. McRobbie said. “Throughout her lifetime, Lin has brought distinction to the university through her groundbreaking work which received the ultimate recognition in 2009.”

Elinor Awan was born on Aug. 7, 1933, in Los Angeles, and grew up during the Great Depression. Because her family’s house was located “at the lower edge of Beverly Hills,” Ostrom’s mother arranged for her to attend Beverly Hills High School, where she joined the debate team and competed around the state, according to her autobiography on the Nobel Prize website.

‘Different Perspective’

“While it was a challenge being a poor kid in a rich kid’s school, it did give me a different perspective on the future,” Ostrom wrote. “Since 90 percent of the students in Beverly Hills High School went to college, it appeared going to college was the ‘normal’ thing to do.”

She enrolled in the University of California, Los Angeles, becoming the first member of her immediate family to attend college. After graduating in three years, she earned a master’s degree and Ph.D. in political science from UCLA.

She became a professor at Indiana University in 1974, and was president of the American Political Science Association in 1996 and 1997.

Calling herself a political economist, Ostrom said that her work should encourage citizens that they have a “capacity and power” beyond the bureaucracies that govern them.

-


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Atheist Sues After New Jersey Rejects License Plate

Friday, 18 Apr 2014 22:31 PM

Shannon Moran, of Maurice River Township has filed a lawsuit against the state Motor Vehicle Commission, saying it viola . . .

South Carolina Mayor Fires Lesbian Police Chief

Friday, 18 Apr 2014 22:20 PM

A South Carolina mayor fired his 20-year veteran chief of police, who is a lesbian, reportedly declaring in a recorded p . . .

Discovery Channel Everest Jump in Doubt After Deadly Avalanche

Friday, 18 Apr 2014 22:12 PM

The Everest Jump Live special that Discovery Channel had planned for May 11 is in question following a deadly avalanch . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved