Tuesday, October 13, 2009

Ostrom is the first woman to win the Nobel Prize for Economics since it was founded in 1968. She was born in 1933 in Los Angeles, California, and grew up in an era of economic depression preceding a world war.
Ostrom is the first woman to win the Nobel Prize for Economics since it was founded in 1968. She was born in 1933 in Los Angeles, California, and grew up in an era of economic depression preceding a world war.She gained her PhD in Political Science in 1965 from the University of California, Los Angeles.She is the Arthur F. Bentley Professor of Political Science and Professor at the School of Public and Environmental Affairs, both at Indiana University, Bloomington.Ostrom has studied how self-organization and local-level management works to keep common resources, whether natural, for example forests or man-made, police forces, viable.Williamson was born in September 1932 in Superior, Wisconsin in the United States. He is a prominent author in the area of transaction cost economics and related disciplines. He was a student of Ronald Coase, Herbert Simon and Richard Cyert.He received his BSc in management from the MIT Sloan School of Management in 1955 and gained a PhD in Economics in 1963 from Carnegie Mellon University, Pittsburgh.

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