Question 1

Who is Elinor Ostrom?

Accepted Answer

Elinor Ostrom was an American political economist renowned for her work on collective action and the governance of common-pool resources. She received the Nobel Prize in Economic Sciences in 2009, becoming the first woman to win the award.

Question 2

What was Elinor Ostrom's contribution to economics?

Accepted Answer

Elinor Ostrom is best known for her work on common-pool resources, demonstrating how local property can be managed by local commons without any regulation by central authorities or privatization. Her research disproved the conventional wisdom that common property was poorly managed and should be either regulated by central authorities or privatized.

Question 3

When did Elinor Ostrom pass away?

Accepted Answer

Elinor Ostrom passed away on June 12, 2012, leaving behind a legacy of pioneering work in the fields of economics and political science, particularly in the study of how societies can successfully manage common resources.

Question 4

What are some key milestones in Elinor Ostrom's career?

Accepted Answer

Elinor Ostrom earned her PhD in political science from UCLA in 1965, and she joined Indiana University, where she co-founded the Workshop in Political Theory and Policy Analysis in 1973. Her groundbreaking book, 'Governing the Commons,' was published in 1990, and she received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2009.

Elinor Ostrom

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