In 2008, political scientist Elinor Ostrom was awarded an honorary degree from McGill University. In 2009, she was awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Coincidence? Well, yeah.
I've only met Professor Ostrom once, when her husband Vincent Ostrom guest-lectured in my class in... 2002, I guess. But I certainly know, admire, and draw on her work, and am delighted with this outcome!
See discussions from Henry Farrell, Sean Safford, Alex Tabarrok, Arnold Kling, and Mike Munger (and for giggles, click through Munger's link to the anonymous econ grad students blowing gaskets), among people who (unlike Paul Krugman and Steven Levitt) had heard of Ostrom before today.
Update: On Henry's post, be sure to read down the comments thread far enough to see the illuminating exchange between him and Pete Boettke.