Economics Nobel Highlights How Social Relationships Explain Certain Economic Activities

Two Americans won the 2009 economics prize in memory of Alfred Nobel : Elinor Ostrom of Indiana University "for her analysis of economic governance, especially the commons," the prize committee announced today, and Oliver E. Williamson of the University of California, Berkeley, "for his analysis of economic governance, especially the boundaries of the firm." Ostrom becomes the first woman ever to win this economics prize.

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