Elinor Ostrom

• Dan Farber
• June 12, 2012

Mourning An Uncommon Student of the Commons

Elinor Ostrom, winner 0f the Nobel economics prize, died earlier today.  She is best known for her work on how groups manage common resources such as fisheries.  The “tragedy of the commons” is a theory that these common resources will inevitably be destroyed unless they are privatized or regulated by governments.  Professor Ostrom showed that …

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