Future of the Commons
Ostrom E
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Description for Future of the Commons
Paperback. .
Traditional economic models of how to manage environmental problems relating to renewable natural resources, such as fisheries, have tended to recommend either government regulation or privatisation and the explicit definition of property rights. These traditional models ignore the practical reality of natural resource management. Many communities are able to spontaneously develop their own approaches to managing such common-pool resources. In the words of Mark Pennington: '[Professor Ostrom's] book Governing the Commons is a superb testament to the understanding that can be gained when economists observe in close-up detail how people craft arrangements to solve problems in ways often beyond the imagination ... Read more
Traditional economic models of how to manage environmental problems relating to renewable natural resources, such as fisheries, have tended to recommend either government regulation or privatisation and the explicit definition of property rights. These traditional models ignore the practical reality of natural resource management. Many communities are able to spontaneously develop their own approaches to managing such common-pool resources. In the words of Mark Pennington: '[Professor Ostrom's] book Governing the Commons is a superb testament to the understanding that can be gained when economists observe in close-up detail how people craft arrangements to solve problems in ways often beyond the imagination ... Read more
Product Details
Publisher
Institute of Economic Affairs United Kingdom
Number of pages
107
Format
Paperback
Publication date
2012
Condition
New
Weight
132g
Number of Pages
107
Place of Publication
London, United Kingdom
ISBN
9780255366533
SKU
V9780255366533
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-8
About Ostrom E
Elinor Ostrom, who died in 2012, was awarded the Nobel Prize in Economics in 2009. She was the Arthur F. Bentley Professor of Political Science at Indiana University and cofounder and codirector of Indiana University's Workshop in Political Theory and Policy Analysis.
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