First Female Nobel Prize Winner Dies

WASHINGTON – The first female winner of a Nobel Prize for economics died Tuesday at the age of 78, local media reported.

Indiana University (IU) professor of political science Elinor Ostrom died of cancer Tuesday morning at IU Health Bloomington Hospital, Xinhua news agency quoted reports as saying.

Ostrom shared the 2009 Nobel Prize in economics with Oliver Williamson from the University of California, Berkeley.

They were honoured for analyzing the rules by which people exercise authority in companies and economic systems.

IU President Michael McRobbie confirmed Ostrom’s death in a statement, saying  IU “has lost an irreplaceable and magnificent treasure with her passing.”

Ostrom grew up in Los Angeles and was an IU faculty member since 1965.  – BERNAMA

Dies