Economics Nobel Goes To Elinor Ostrom And Oliver E. Williamson

Elinor Ostrom defied conventional wisdom with studies that showed that user-managed property — such as fish stocks or woodland areas — more often than not was better run than standard theories predicted. The previously accepted view was
STOCKHOLM (AP) — Americans Elinor Ostrom and Oliver Williamson won the Nobel economics prize on Monday for their analyses of economic governance — the way authority is exercised in companies and economic systems.Ostrom was the first