"The power of a theory is exactly proportional to the diversity of situations it can explain."
When Elinor Ostrom applied for a PhD in economics she was turned away - her subsequent doctorate is actually in political sciences.
Despite this, in 2009, Ostrom became the first woman to be awarded the Prize in Economic Sciences in its forty year history. She was awarded the prize for her work on human cooperation and shared resources. Ostrom showed how natural resources can be shared sustainably by a community without central authorities or privatisation.
Learn more: https://bit.ly/39bnDhG
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