In July 2019, Indiana University Bloomington announced that as part of their Bridging the Visibility Gap initiative, a statue of Ostrom would be placed outside of the building which houses the university's political science department.<ref>{{cite web |last1=Bloomington |first1=Inside IU |title=Around IU Bloomington |url=https://news.iu.edu/stories/2019/07/iub/inside/09-news-roundup.html |website=News at IU |access-date=27 August 2019 |language=en |date=9 July 2019}}</ref>
===Nobel Prize in Economics===
-In 2009, Ostrom became the first woman to receive the [[Nobel Memorial Prize in Economic Sciences]]. The [[Royal Swedish Academy of Sciences]] cited Ostrom "for her analysis of economic governance", saying her work had demonstrated how [[common property]] could be successfully managed by groups using it. Ostrom and [[Oliver E. Williamson]] shared the 10-million [[Swedish krona|Swedish kronor]] (€990,000; $1.44 million) prize for their separate work in [[economic governance]].<ref>{{cite news |url=http://news.bbc.co.uk/2/hi/business/8302662.stm |title=First woman wins economics Nobel |website=BBC News |date=12 October 2009 |access-date=15 April 2015}}</ref> As she had done with previous monetary prizes, Ostrom donated her award to the Workshop she helped to found.<ref name="Wall" /><ref name="Arrow">{{cite journal |author1-last=Arrow |author1-first=Kenneth |author1-link=Kenneth Arrow |author2-last=Keohane |author2-first=Robert O. |author2-link=Robert O. Keohane |author3-last=Levin |author3-first=Simon A. |author3-link=Simon A. Levin |title=Elinor Ostrom: An Uncommon Woman for The Commons |journal=Proceedings of the National Academy of Sciences |year=2012 |volume=109 |issue=33 |doi=10.1073/pnas.1210827109 |pages=13135–13136|pmc=3421197 |bibcode=2012PNAS..10913135A |doi-access=free }}</ref>
+In 2009, Ostrom became the first woman to receive the [[Nobel Memorial Prize in Economic Sciences]]. The [[Royal Swedish Academy of Sciences]] cited Ostrom "for her analysis of economic governance", saying her work had demonstrated how [[common property]] could be successfully managed by groups using it. Ostrom and [[Oliver E. Williamson]] shared the 10-million [[Swedish krona|Swedish kronor]] (€990,000; $1.44 million) prize for their separate work in [[economic governance]].<ref name="bbc_20091012_ostromprize">{{cite news |url=http://news.bbc.co.uk/2/hi/business/8302662.stm |title=First woman wins economics Nobel |website=BBC News |date=12 October 2009 |access-date=15 April 2015 |archive-url=https://web.archive.org/web/20141021193547/http://news.bbc.co.uk/2/hi/business/8302662.stm |archive-date=21 October 2014 |url-status=live }}</ref> As she had done with previous monetary prizes, Ostrom donated her award to the Workshop she helped to found.<ref name="Wall" /><ref name="Arrow">{{cite journal |author1-last=Arrow |author1-first=Kenneth |author1-link=Kenneth Arrow |author2-last=Keohane |author2-first=Robert O. |author2-link=Robert O. Keohane |author3-last=Levin |author3-first=Simon A. |author3-link=Simon A. Levin |title=Elinor Ostrom: An Uncommon Woman for The Commons |journal=Proceedings of the National Academy of Sciences |year=2012 |volume=109 |issue=33 |doi=10.1073/pnas.1210827109 |pages=13135–13136|pmc=3421197 |bibcode=2012PNAS..10913135A |doi-access=free }}</ref>
[[File:Group Photo (4171912803).jpg|left|thumb|Elinor Ostrom with the other 2009 Nobel laureates]]
The Royal Swedish Academy of Sciences said Ostrom's "research brought this topic from the fringe to the forefront of scientific attention...by showing how common resources—forests, [[fisheries]], [[oil fields]] or [[Grazing|grazing land]]s—can be managed successfully by the people who use them rather than by governments or private companies". Ostrom's work in this regard challenged [[conventional wisdom]], showing that common resources can be successfully managed without [[government regulation]] or [[privatization]].<ref name="NYTObit">{{cite news |last=Rampell |first=Catherine |title=Elinor Ostrom, Winner of Nobel in Economics, Dies at 78 |newspaper=New York Times |date=13 June 2012 |url=https://www.nytimes.com/2012/06/13/business/elinor-ostrom-winner-of-nobel-in-economics-dies-at-78.html |access-date=15 April 2015}}</ref>