Description: (American Political Scientist, Political Economist and First Woman to Win the Nobel Prize in Economics)
Elinor Claire "Lin" Ostrom, an American political scientist and economist, was widely recognized for her contributions to New Institutional Economics and political economy. In 2009, she made history as the first woman to be awarded the Nobel Memorial Prize in Economic Sciences for her groundbreaking analysis of economic governance, particularly in relation to the commons. Ostrom held the prestigious positions of Distinguished Professor at Indiana University and Arthur F. Bentley Professor of Political Science. She co-directed the Workshop in Political Theory and Policy Analysis and was the founder of the Center for the Study of Institutional Diversity at Arizona State University. Ostrom's research was primarily focused on resource management and sustainable agriculture, advocating for collaborative approaches to address resource depletion issues without solely relying on state intervention or private markets.