Having little formal economics training, Elinor Ostrom unconventionally based her research on case studies. Her early work focused on the public choice for decisions involving public goods and services. She became the first woman to receive the prestigious Johan Skytte Prize in Political Science in 1999.
She then became the first woman to receive the William H. Riker Prize in Political Science in 2008. After her death, she was named Time Magazine’s “100 Most Influential People in the World”.
Wall Street Women Worth Knowing (List)
- Abigail Adams, one of the first female bond traders
- Isabel Beham, the first female railroad analyst
- Frances Perkins: architect of the New Deal and social security
- Hetty Green: The Witch of Wall Street (also, the richest woman in America)
Meantime, Ostrom remains the first of two women to win the Nobel Prize in Economics. Her groundbreaking research demonstrated how equitable management of shared resources can be administered by individuals and community groups for the benefit of all.