When economists show that market arrangements fail, they usually make the simple recommendation that "the" state should take care of these problems. Elinor Ostrom has demonstrated empirically that ...

Elinor Ostrom, an economist and political scientist famous for exploring how local groups manage natural resources, has died of cancer at age 78. Paul Dragos Aligica explained one of Ostrom's core ...

Elinor Ostrom's death on 12 June, just days before the Rio+20 conference, is an enormous loss. But her life's work offers many lessons for the deliberations, decisions and path to progress at and ...

Elinor Ostrom provides invaluable insights into economics and ownership - and the profound impact this has on our natural environment. Unfortunately, her work is not well known or widely understood.

Elinor Ostrom, the only woman to have won a Nobel prize for economics, was most famous for challenging the idea of the “tragedy of the commons”: that in the absence of government intervention, people ...

November 14, 2019 — In December 2019, representatives of countries around the world will gather for COP 25, the 25th annual Conference of Parties to the U.N. Framework Convention on Climate Change, ...

Her research was conducted in India, Nepal and Kenya. She was cited for work into how fish stocks can be husbanded for the benefit of all. She has spent her academic life as an economist investigating ...

Elinor Ostrom carried out her most important work in the 1960s and 1970s when the so-called “Tragedy of the Commons” was exercising economic minds. The phrase, coined by the ecologist Garrett Hardin, ...

Forbes contributors publish independent expert analyses and insights. I write about political economy and foreign affairs. This article is more than 10 years old. The social science world awoke to sad ...

Milton Friedman, who won the Nobel economics prize in 1976, never thought much of OPEC. He thought the organization of oil-producing nations wouldn't succeed in keeping prices high because, as he said ...

IT SEEMED to Elinor Ostrom that the world contained a large body of common sense. People, left to themselves, would sort out rational ways of surviving and getting along. Although the world's arable ...