In 'Governing the Commons,' Elinor Ostrom challenges the notion that common property is doomed to over-exploitation. Through groundbreaking case studies from around the world, she reveals how communities can successfully manage shared resources. Ostrom introduces principles for sustainable governance that defy traditional economic theories. Her insights offer hope for the future of environmental stewardship and collective action. Dive into this thought-provoking exploration that reshapes our understanding of collaboration in the face of scarcity!
By Elinor Ostrom
Published: 2015
""Individuals in common pool resource systems can organize themselves to achieve sustainable outcomes without the need for overarching regulatory systems or privatization.""
Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.
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“"Individuals in common pool resource systems can organize themselves to achieve sustainable outcomes without the need for overarching regulatory systems or privatization."”
Governing the Commons
By Elinor Ostrom
Discover a world of knowledge through our extensive collection of book summaries.
Elinor Ostrom (1933-2012) was a groundbreaking American political economist and the first woman to receive the Nobel Prize in Economic Sciences in 2009. She is best known for her research on the governance of common-pool resources and the principles of collective action. Ostrom's notable works include 'Governing the Commons: The Evolution of Institutions for Collective Action' and 'Understanding Institutional Diversity'. Her writing style is analytical and insightful, often combining theoretical frameworks with empirical evidence to demonstrate how communities can manage shared resources effectively without the need for centralized control.
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