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The economy price is actually a reward for something you have already accompished, while the peace price is more vague. According to the Norwegians anyway.
The economy price is actually a reward for something you have already accompished, while the peace price is more vague. According to the Norwegians anyway.
Americans Elinor Ostrom and Oliver Williamson won the Nobel Prize for economics for work on how community institutions can prevent conflict, the Nobel Committee announced Monday.
Ostrom becomes the first woman to win the prize in its 40-year history.
The award was a "great surprise... I'm still a little bit in shock," she said by phone at the news conference announcing the prize.
Ostrom, a professor of political science at Indiana University, was praised "for her analysis of economic governance, especially the commons."
Ostrom's work shows that local communities often manage common resources -- such as woods, lakes and fish stocks -- better on their own than when outside authorities impose rules, the committee said.
"Bureaucrats sometimes do not have the correct information, while citizens and users of resources do," she said to explain the significance of her work.
The committee highlighted her research on a dam in Nepal as an example, saying her research has moved analysis of nonmarket institutions "from the fringe of economic analysis to the very center."
Would have been just a stupid as Obama winning the Nobel peace Price...maybe for shooting a pirate brains out....having drones killing people in Pakistan....not that I care about that, but is that how you win a Nobel Peace prize...not doing anything.
Bush winning a Nobel would have to be an Onion article
Maybe the prize for medicine, physics or chemistry. It would just be business as usual for economics or peace. I'm sure Onion site traffic was spikey the morning of Obama's "winning" the prize.
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