Nobel prize

• Dan Farber
• October 12, 2009

The Triumph of the Commons

Elinor Ostrom was awarded the Nobel Prize in Economics today, along with  Oliver Williamson here at Berkeley.  To understand why her work is relevant to environmental law, you have to first know about the “tragedy of the commons.” Many medieval and early modern villages had a “commons” where all of the peasants were entitled to …

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