Elinor Ostrom first women to receive the nobel prize for economic science

The Nobel in Economic Science was awarded to Elinor Ostrom, the first woman to receive the prize, and to Oliver E. Williamson on Monday. New York Times

Ms. Ostrom’s work focuses on the commons, such as how pools of users manage natural resources as common property. The traditional view is that common ownership results in excessive exploitation of resources — the so-called tragedy of the commons that occurs when fishermen overfish a common pond, for example. The proposed solution is usually to make users bear the external costs of their utilization by privatizing the resource or imposing government regulations such as taxes or quotas.

http://www.indiana.edu/~workshop/people/lostromcv.htm  Vita Elinor Ostrom

This is very very special - as this will take her topic in the focus again. There have been so many candidates for this price this year and a lot of speculation: They named: Ernst Fehr, Matthew Rabin, William Nordhaus, Martin Weitzman, John Taylor, Jordi Galf and Mark Gertier - no women was on the short-list. Now she made it - great!
Congretulations from EWMD members !