Noble Prize for economics goes to a woman.

It is the first time a woman has been awarded the prize for economics. From Reuters:

STOCKHOLM (Reuters) – A U.S. academic who proved that communities can trump state control and corporations became the first woman to win the Nobel prize in economics on Monday, sharing it with an expert on conflict resolution.
Elinor Ostrom defied conventional wisdom with studies that showed that user-managed properties — such as community fish stocks or woodland areas — more often than not were better run than standard theories predicted.
“Since we have found that bureaucrats sometimes do not have the correct information while citizens and users of resources do, we hope it helps encourage a sense of capacity and power,” the Indiana University professor told a news conference via telephone.
The previously accepted view was that common property was poorly managed and should be either regulated centrally or privatized.
The Royal Swedish Academy of Sciences awarded her half the 10 million Swedish crown ($1.4 million) prize, with the other half going to Oliver Williamson, who was recognized for his analysis of conflict resolution by firms and markets.

Of course I have no friggin clue what she does and what she found or figured out..but..Lets hear it for the broad!!! ;)

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About Dusty, hells most vocal bitch

I am a..brown Cali bitch that is quite the opinionated,political, pain-in-the-ass, in your face kinda girl that also loves baseball and music to a fault. Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.--Albert Einstein-*

Posted on October 12, 2009, in Elinor Ostrom, Noble Prize for Economics. Bookmark the permalink. 5 Comments.

  1. I think the Economic Prize de la Prize should go to my ex wife.  She had this great module that she invented…. “I spend/Jimm pays.”  Boy I was always “Sir-Prized” at the end of each month.

  2. Jim, you really got hosed in that relationship dude. I've been there.

  3. Damn it took a while for me to get this to post!
       I thought this was pretty cool. The first woman! Today Obama had another first and he promised to get rid of don't ask don't tell. Sotomayor, there have been so many firsts since Obama I think you should make a list of firsts under him. What do you think?

  4. give me the national budget, and i'll get every damned nickel's worth out of it.  first things first, everyone in congress gets  a salary cut.

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