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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009: Press Release 12 October 2009 on nobelprize.org
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The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2009 to Elinor Ostrom... "for her analysis of economic governance, especially the commons" and Oliver E. Williamson... "for his analysis of economic governance, especially the boundaries of the firm".

— The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009: Press Release

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2009 to Elinor Ostrom... "for her analysis of economic governance, especially the commons" and Oliver E. Williamson... "for his analysis of economic governance, especially the boundaries of the firm"." in the context of "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009: Press Release 12 October 2009 on nobelprize.org" to mean that wisdom is timeless.

Source: Wikiquote: "Elinor Ostrom" (Quotes about Elinor Ostrom) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app

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#Elinor Ostrom#economic#governance#especially#sciences#analysis#williamson#boundaries#sveriges#riksbank#swedish#academy
Elinor Ostrom

About Elinor Ostrom

Elinor "Lin" Ostrom (August 7, 1933 – June 12, 2012) was an American political economist, whose work was associated with the new institutional economics and the resurgence of political economy. In 2009, she shared the Nobel Memorial Prize in Economic Sciences with Oliver E. Williamson.