2009 Nobel Prize in Economic Science winner and political scientist Elinor Ostrom passed away this week. Her contributions to solving common pool resource problems generated praise from both economists and political scientists. In today’s The New York Times Economix blog, Catherine Rampell provides numerous links to help people understand her valuable contributions.
In particular, I encourage you to read Edward Glaeser’s review of the contributions of both economics prize winners in 2009: Elinor Ostrom and Oliver Williamson.