Previous Year Question
The 2019 Nobel Prize for Economics was given to a woman for the second time, name the first woman who was earlier awarded this prize.
Easther Duflo
Gerty Theresa Cori
Maria Goeppert
Elinar Ostrom
Correct Answer: D
Detailed Solution
Elinor Ostrom became the first woman to receive the Prize in Economic Sciences in 2009.
She was jointly awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2009 with Oliver E. Williamson.
Ostrom received the prize particularly for her work on “economic governance, especially the commons.”
Through her field studies, she demonstrated that common-pool resources such as forests, fisheries, grazing lands and water resources need not be managed only through private ownership or centralized government control. Local communities can also develop suitable rules and institutions for the sustainable management of shared resources.
In 2019, Esther Duflo became the second woman to receive the Economics Prize. She shared the prize with Abhijit Banerjee and Michael Kremer for their contribution to developing an experimental approach to global poverty alleviation.
Current Status
The number of women who have received the Economics Prize has now increased to three—
Elinor Ostrom — 2009
Esther Duflo — 2019
Claudia Goldin — 2023
Claudia Goldin received the 2023 Economics Prize for research that advanced our understanding of women's labour market outcomes.