Elinor Ostrom, co-recipient of this year’s Nobel Laureate in Economics, has been the subject of a flurry of media excitement, yet the attention given Ostrom and her work is only beginning: As more people begin to understand what Ostrom has said, the influence of her words and work will be felt more greatly – especially by women.The benefit will not come because Ostrom is the first woman awarded the Nobel for Economics – a fact the highlighted by the press during initial reports of the award, most likely because of lack of publically-known information about Ostrom and her work. As the media and public have shifted from focusing on “the first woman” to actually looking at Ostrom’s contributions to economics, the practicality of what she says has become apparent. Reporters, writers, and the public are beginning to understand Ostrom’s work and realize how vital it is to the world right now. . . . Continue reading Elinor Ostrom’s commons sense
