Live

Watch CBSN Live

Ostrom Thanks Husband, Colleagues For Nobel Prize

Elinor Ostrom says it's an honor to be the first woman to win a Nobel Prize in economics _ and she promises she won't be the last.

Ostrom became the first woman to win the prestigious economic prize on Monday and was honored along with fellow American Oliver Williamson for analyzing economic governance.

Ostrom told reporters at Indiana University that people discouraged her from seeking a Ph.D. when she applied for graduate school but she loved studying economics.

The 76-year-old political scientist says she doesn't know exactly how she will spend her share of the $1.4 million in award money but will invest it in her students and "wonderful" colleagues.

___

On the Net:

http://www.nobelprize.org