Indiana University professor and Nobel Prize recipient Elinor Ostrom has died. Ostrom, 78, died of cancer at 6:40 a.m. Tuesday at IU Health Bloomington Hospital.
“Indiana University has lost an irreplaceable and magnificent treasure with the passing of Elinor Ostrom,” IU President Michael A. McRobbie said in a statement. “Throughout her lifetime, Lin has brought distinction to the university though her groundbreaking work”…
In 2009, Ostrom received the Nobel Prize in Economic Sciences for her research on the ways that people organize themselves to manage resources. She was the first and to date the only woman to be awarded the economics prize.
In April 2012, she was named to the Time 100, Time magazine’s annual list of the 100 most influential people in the world.