New Essay Celebrates Key Ideas and Contributions of Economist and Nobel Laureate Elinor Ostrom

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VANCOUVER, British Columbia, Jan. 25, 2022 (GLOBE NEWSWIRE) — A new essay, part of a new book that examines the lives and ideas of women who helped shape the free and prosperous societies we enjoy today examines the key ideas of Elinor Ostrom, the first woman to receive the Nobel Prize in economics.

Published by the Fraser Institute, the Essential women of freedom comes with a website and animated videos featuring Ostrom and other notable women.

“Ostrom’s insights and research strongly influenced the study of politics and how institutions helped shape economic behavior in the 20and century and beyond,” said essay author Jayme Lemke, an economist at George Mason University.

Born in Los Angeles in 1933, Ostrom completed her doctorate in political science at UCLA in 1965, despite opposition from her contemporaries who disapproved of women in higher education.

Ostrom is best known for her research on local problem solving and how to manage resources that are shared by different groups and people but don’t belong to anyone, also known as “common pool resources”. This area of ​​analysis, to which she made enormous contributions, was to shape her entire academic career.

His interest in local problem solving led to his 1990 book Governing the commons: the evolution of institutions for fundraisingwhich documents how people around the world use self-reliance mechanisms to manage and maintain shared resources such as freshwater, forests, and fish populations.

In 2009, she became the first woman to receive the Nobel Prize in Economics. She died in 2012 at the age of 78.

The Fraser Institute will publish the full Essential women of freedom series of essays on International Women’s Day (March 8, 2022). Download the trials for free and watch several short videos at www.essentialwomenofliberty.org. Videos are also available on YouTube from the Fraser Institute channel.

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The Fraser Institute is an independent Canadian public policy research and education organization with offices in Vancouver, Calgary, Toronto and Montreal and links to a global network of think tanks in 87 countries. Its mission is to improve the quality of life of Canadians, their families and future generations by studying, measuring and widely communicating the effects of government policies, entrepreneurship and choices on their well-being. To protect the independence of the Institute, it does not accept government grants or research contracts. Visit www.institutfraser.org.

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