Elinor Claire "Lin" Ostrom was an American political scientist and political economist whose work was associated with New Institutional Economics and the resurgence of political economy. In 2009, she was awarded the Nobel Memorial Prize in Economic Sciences for her "analysis of economic governance, especially the commons", which she shared with Oliver E. Williamson; she was the first woman to win the prize.
Ostrom in 2009
School of Public and Environmental Affairs at Indiana University in Bloomington, where Ostrom taught.
Elinor Ostrom with the other 2009 Nobel laureates
Political economy is a branch of political science and economics studying economic systems and their governance by political systems. Widely studied phenomena within the discipline are systems such as labour markets and financial markets, as well as phenomena such as growth, distribution, inequality, and trade, and how these are shaped by institutions, laws, and government policy. Originating in the 16th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and modern economics.
Robert Keohane, international relations theorist
Susan Strange, international relations scholar
Jean-Jacques Rousseau, Discours sur l'oeconomie politique, 1758