First woman wins economics Nobel.
Ms Ostrom won the prize with fellow American Oliver Williamson for their separate work in economic governance.
The Nobel Memorial Prize in Economic Sciences is the last of the six Nobel prizes announced this year. Since 1980, it has gone to Americans 24 times.
The Royal Swedish Academy of Sciences cited Professor Ostrom, who teaches at Indiana University, “for her analysis of economic governance,” saying her work had demonstrated how common property could be successfully managed by groups using it.
She told Swedish television that she was “in shock” at being the first woman to clinch the award, adding winning had been a “great surprise”.
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