Elinor Ostrom has become the first woman to win the Nobel prize for economics since it began in 1968.
Ms Ostrom won the prize with fellow American Oliver Williamson for their separate work in economic governance.
The Nobel Memorial Prize in Economic Sciences is the last of the six Nobel prizes announced this year. Since 1980, it has gone to Americans 24 times.
Last Friday, US President Barack Obama was awarded the Nobel Peace Prize - though this aroused some controversy.
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