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Governing the Commons

Authors: Elinor Ostrom

Economics Preview Book link to amazon

Key Ideas

1. Commons are resources that are collectively owned and managed by a group of people. Elinor Ostrom's research challenged the conventional wisdom that commons are always doomed to fail due to overuse and lack of management.

2. Ostrom conducted extensive field studies on various commons around the world, including fisheries, forests, and irrigation systems. She analyzed the long-term sustainability of these commons and identified key factors that contribute to their success or failure.

3. Ostrom developed a framework of eight design principles for successful commons governance. These princip....
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Quiz

1. What are commons?
2. What types of commons did Elinor Ostrom study?
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