Elinor Ostrom – Nobel Prize in Economics 2009

  title={Elinor Ostrom – Nobel Prize in Economics 2009},
  author={P. Aligica},
  journal={Development Economics eJournal},
  • P. Aligica
  • Published 2010
  • Sociology
  • Development Economics eJournal
Elinor Ostrom's groundbreaking studies on self-governance systems and on how people solve common-pool resource problems have challenged the theory and practice of economic development. Two theses stand at the core of this challenge. Firstly, any single, comprehensive set of formal laws intended to govern a large expanse of territory containing diverse ecological niches is bound to fail. Secondly, improving the abilities of those directly engaged in the particulars of their local conditions to… Expand
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