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Meet Wall Street's Grande Dame: Elinor Ostrom

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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”.

Elinor Ostrom Quote

Elinor Ostrom "What we have ignored is what citizens can do and the importance of real involvement of the people involved - versus just having somebody in Washington make a rule"

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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.

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