President Obama Narrowly Misses Nobel Prize In Economics

President Obama was just edged out for the Nobel Prize in Economics. His stimulus package, which has not yet spent the preponderance of the funds approved, was credited with saving the global economy and would have garnered the Prize except for this extraordinary pair...

Nobel economics prize for governance duo

By Chris Giles, Economics Editor

Published: October 12 2009 14:03 | Last updated: October 12 2009 14:03

Elinor Ostrom and Oliver Williamson shared the 2009 nobel prize for economics on Monday for their work on how economic transactions operate outside markets in common spaces and and within companies.

The Riksbank, the Swedish central bank, has awarded the prize every year since 1969 in memory of Alfred Nobel, and this year was the first time this “new nobel” has been awarded to a woman.

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