Elinor Ostrom, the first woman to win a Nobel Prize in Economics, speaks to host Michele Norris. Ostrom, a 76-year-old professor of political science at Indiana University, shares the $1.4 million prize with another American — Oliver Williamson of the University of California, Berkeley — for their work on economic governance. Ostrum was cited by the Royal Swedish Academy of Sciences for her research into how natural resources or "common property can be successfully managed by user associations."