I read one of Ostrom's books, about the management of common property resources (such as fisheries). It was pretty good: it rejected the dichotomy between two extreme ways to avoid over-fishing: at the one extreme, there is the statist approach, where the central authority dictates the solution. On the other extreme, in the "free market" approach, the state assigns property rights in fish (and makes them salable). Her alternative is more like industry self-regulation: management of the fishery is done by the collective of the fishing companies (though it's likely sanctioned by the state). Once more, in jargon: instead of the state or individuals being the prime mover in managing the common-property resource, its "civil society," the network of individuals.
It's remarkable that the Nobelites took so long to give the prize to a woman. Is it because the committee is filled with "old boys"? NYTimes.com News Alert:> > Two Win Nobel Prize in Economics for Studies of Economic Governance > > The Nobel Memorial Prize in Economic Science was awarded on > Monday to two Americans for their work in economic > governance. > > The awarded was split between Elinor Ostrom of Indiana > University "for her analysis of economic governance, > especially the commons" and Oliver E. Williamson of the > University of California, Berkeley "for his analysis of > economic governance, especially the boundaries of the firm." > > Read More: > http://www.nytimes.com?emc=na -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
