Elinor Ostrom
We might as well set another record straight---
That quote 'Let them eat cake!' long attributed to Marie Antoinette to express her disdain for the starving people of France was also reputed to have been uttered by many female leaders before her.
As a matter of fact, French philosopher and writer, Jean-Jacques Rousseau mentions it in his "Confessions" in connection with an incident that occurred in 1740. Poor Marie Antoinette, defamed by the quote had not even been born!
Marie-Antoinette, Queen of France
Gautier-Dagoty, 1775, Versailles, oil on canvas.
The actual quote was "Qu'ils mangent de la brioche" which is not cake, but a fluffy round bread. During the Flour Wars, when the French had no bread, Marie Antoinette wrote "It is quite certain that in seeing people who treat us so well despite their own misfortune, we are more obliged than ever to work hard for their happiness..."
In fact, Lady Antonia Fraser, herself the wife of the late Nobel Laureate Harold Pinter spoke on the subject at the 2002 Edinburgh Book Fair. Lady Fraser, a prolific writer is an acclaimed historical biographer. She is the author of nine books that have gone on to become international best-sellers. Among those is "Marie Antoinette The Journey" which was published in 2001.
Referring to the infamous quote, "It was said 100 years before her by Marie-Therese, the wife of Louis XIV," Fraser explains. "It was a callous and ignorant statement and she [Marie Antoinette] was neither."
...Just... food for thought my Dears....
Could make you wonder what else you might have been believing all these years, about other folks,.... about economics,.... our national resources....hey
about yourself....that... also ...isn't ...true?
My inner sound track is hearing that unforgettable song from Porgy and Bess, and whether you love Sammy or Carmen singing it, the message is the same. A lot of what we've been told and taught, well..It ain't necessarily so....
Sound track changes here. The beat picks up, and we're back in 1990, groovin' to C & C Music Factory. Now here comes Arsenio's face again...finger tappin' the cheek bone ....hmmm...
women winning Nobel prizes for economics! Marie Antoinette didn't say that?!?......yep! Crank it up! Things that make you go Hmmm..!
WASHINGTON –
October 12, 2009
Elinor Ostrom became the first woman to win a Nobel Prize in economics, honored along with fellow American Oliver Williamson on Monday for analyzing economic governance — the rules by which people exercise authority in companies and economic systems.
Ostrom was also the fifth woman to win a Nobel award this year — a record for the prestigious honors.
It was also an exceptionally strong year for the United States, with 11 American citizens — some of them with dual nationality — among the 13 Nobel winners, including President Barack Obama, who won the Nobel Peace Prize on Friday.
Ostrom, 76, and Williamson, 77, shared the 10 million kronor ($1.4 million) economics prize for work that "advanced economic governance research from the fringe to the forefront of scientific attention," the Royal Swedish Academy of Sciences said.
Ostrom, a political scientist at Indiana University, showed how common resources — forests, fisheries, oil fields or grazing lands — can be managed successfully by the people who use them, rather than by governments or private companies.
"What we have ignored is what citizens can do and the importance of real involvement of the people involved — versus just having somebody in Washington ... make a rule," Ostrom said during a brief session with reporters in Bloomington.
Ostrom said it's an honor to be the first woman to win a Nobel Prize in economics — and promised that she won't be the last. She said people discouraged her from seeking a Ph.D. when she applied for graduate school but she loved studying economics.
Williamson, an economist at the University of California, Berkeley, focused on how firms and markets differ in the ways that they resolve conflicts. He found that companies are typically better able to resolve conflicts than markets when competition is limited, the citation said.
The academy did not specifically cite the global financial crisis, but many of the problems at the heart of the current upheaval — bonuses, executive compensation, risky and poorly understood securities — involve a perceived lack of regulatory oversight by government officials or by corporate boards. The Nobel awards on Monday were clearly a nod to the role of rules, institutions and regulations in making markets work.
"There has been a huge discussion how the big banks, the big investment banks have acted badly, with bosses who have misused their power, misused their shareholders' confidence, and that is in line with (Williamson's) theories," prize committee member Per Krusell said.
Ostrom, also the founding director of Arizona State University's Center for the Study of Institutional Diversity, devoted her career to studying the interaction of people and natural resources. One notable publication she wrote in 1990 examined both successful and unsuccessful ways of governing natural resources — forests, fisheries, oil fields, grazing lands and irrigation systems — that are used by individuals.
Ostrom's work challenged conventional wisdom, showing that common resources can be successfully managed without privatization or government regulation.
To explain her ideas, the academy cited an example about dams in Nepal that Ostrom used in her 1990 book "Governing the Commons: The Evolution of Institutions for Collective Action."
Local people had for many years successfully managed irrigation systems to allocate water between users, but then the government decided to build modern dams made of concrete and steel with the help of foreign donors.
"Despite flawless engineering, many of these projects have ended in failure," the academy said.
That was because the new, modern dams cut out communications and ties between the users. The new dams required little maintenance whereas the earthen local dams forced users to work together to keep them functional.
Ostrom told the academy by telephone that she was surprised by their choice.
"There are many, many people who have struggled mightily and to be chosen for this prize is a great honor," Ostrom said. "I'm still a little bit in shock."
Ostrom doesn't know exactly how she will spend her share of the $1.4 million in award money, but she said she will invest it in her students and "wonderful" colleagues.
Williamson said he was "gratified" by the honor and hoped that in the future "organizations will play a more prominent role in the study of economic activity."
"The organization of the government itself is something which we ought to examine in a more self-conscious way — the Federal Reserve and the Treasury and the Securities Exchange Commission," Williamson said. "The mission that each of them has is mainly economic, but should be informed by good organizational practices."
Williamson previously was a consultant to the U.S. Federal Trade commission from 1978-1980 and a special economic assistant to the Assistant Attorney General for Antitrust at the U.S. Department of Justice in 1966-1967.
He was cited for his studies on how organizations — including companies — are structured and how that affects the cost of doing business. According to his theory, large private corporations exist primarily because they are efficient.
"Large corporations may, of course, abuse their power," the citation said. "They may for instance, participate in undesirable political lobbying and exhibit anticompetitive behavior."
But Williamson found it is better to regulate such behavior directly rather than with policies that restrict the size of corporations, the academy said.
Paul Krugman, a Princeton University scholar and a columnist for The New York Times, won the prize last year for his analysis of how economies of scale can affect international trade patterns.
The Nobel prizes, with the exception of the economics prize, were established by Alfred Nobel, the Swedish inventor of dynamite, in his will in 1895. The Economic Sciences prize, the last Nobel award to be announced this year, was created in 1968 by the Swedish central bank in memory of Nobel.
In addition to the prize money, Nobel winners will receive a gold medal and diploma from the Swedish king on Dec. 10, the anniversary of Nobel's death in 1896.
The choice of Obama, meanwhile, was the biggest surprise of this year's awards.
In other awards, American scientists Elizabeth H. Blackburn, Carol W. Greider and Jack W. Szostak shared the Nobel Prize in medicine for discovering a key mechanism in the genetic operations of cells, an insight that has inspired new lines of research into cancer.
The physics prize was split between Charles K. Kao, who helped develop fiber-optic cable, and Americans Willard S. Boyle and George E. Smith who invented the "eye" in digital cameras.
Americans Venkatraman Ramakrishnan and Thomas Steitz and Ada Yonath of Israel shared the chemistry prize for their atom-by-atom description of ribosomes.
Romanian-born German writer Herta Mueller won the literature prize for her critical depiction of life behind the Iron Curtain.
___
Ritter and Moore reported from Stockholm. AP Writers Malin Rising in Stockholm and Martha Raffaele in Philadelphia contributed to this report.
___
On the Net:
http://www.nobelprize.org
Looked at your Knewz from Meroe.
ReplyDeleteOne little thing I'd like to point out. It is the Nobel Prize for Economics not the Nobel Peace Prize for Economics. FYI
Aa
This comment has been removed by the author.
ReplyDeletehey girl,
ReplyDeletethanks for the update. loving it. you're doing a lot of good things that are making you sound healthy and happy.
G.M.
To Aa~
ReplyDeleteOh THANK YOU!!!
I made the correction. But did you read the whole thing?
Yes I read the whole thing and I am so proud that a woman's worth has been recognized in a field other than Literature. We probably wouldn't be in such deep do-do if women had more responsibility for the decisions of running the world. We been running households for thousands of years and I think that qualifies as experience where as men have been running the world and planet into extinction for thousands of years. Hello?
ReplyDeleteAa
Hmmm. . . Very interesting. I think I'll make some brownies today.
ReplyDeleteSam