I have never shied away from being a staunch believer in capitalism as an economic system. Not that capitalism is perfect. It is far from it, as evidenced by a myriad of environmental catastrophes, social ills and corrupt behavior.

Economists typically aren't known for being nuanced. But Ostrom won a Nobel for her nuance for a reason.

The reality is that, even if you are a female executive at Goldman Sachs, you will never be part of the "boys' club" -- and guess what, it's still a boys' club.

WASHINGTON — One scholar studies how best to manage resources like forests, fisheries and oilfields. A fellow American looks at why some compani...

The odds favorite to win the Nobel, Eugene Fama, lost the prize to two other Americans, Elinor Ostrom and Oliver Williamson. Ostrom & Williamson stud...

Make no mistake, despite the somewhat tame Nobel committee description, Ostrom's body of work is inherently radical, demonstrably anti-corporate, and implicitly socialistic.

The ability to generate a large body of work on matters whose importance are shrouded in mystery is a key attribute of all world-class economists, and Nobel laureates Ostrom and Williamson are in the vanguard.