Elinor Ostrom

Elinor Claire "Lin" Ostrom (née Awan; August 7, 1933 – June 12, 2012) was an American political scientist and political economist whose work was associated with New Institutional Economics and the resurgence of political economy. In 2009, she was awarded the Nobel Memorial Prize in Economic Sciences for her "analysis of economic governance, especially the commons", which she shared with Oliver E. Williamson; she was the first woman to win the prize.

Trained in political science at UCLA, Ostrom was a faculty member at Indiana University Bloomington for 47 years. Beginning in the 1960s, Ostrom was involved in resource management policy and created a research center, the Workshop in Political Theory and Policy Analysis, which attracted scientists from different disciplines from around the world. Working and teaching at her center was created on the principle of a workshop, rather than a university with lectures and a strict hierarchy. Late in her career, she held an affiliation with Arizona State University.

Ostrom studied the interaction of people and ecosystems for many years and showed that the use of exhaustible resources by groups of people (communities, cooperatives, trusts, trade unions) can be rational and prevent depletion of the resource without either state intervention or markets with private property.

Notable works: Understanding Institutional Diversity, Governing the Commons: The Evolution of Institutions for Collective Action, Understanding Knowledge as a Commons, Institutional analysis and development framework, Ostrom Design Principles Awards: Prize in Economic Sciences in Memory of Alfred Nobel, Johan Skytte Prize in Political Science, John J. Carty Award for the Advancement of Science, Honorary doctor of the Humboldt University of Berlin, honorary doctor of the University of Uppsala, honorary doctor of the University of Zurich, Fellow of the American Academy of Arts and Sciences, honorary doctorate from University of Montpellier-I Education: University of California, Los Angeles, Beverly Hills High School

Source: Wikipedia — https://en.wikipedia.org/wiki/Elinor_Ostrom