Elinor Ostrom's Rules for Radicals


Book Description

Elinor Ostrom was the first woman to win the Nobel Prize for Economics. Her theorising of the commons has been celebrated as groundbreaking and opening the way for non-capitalist economic alternatives, yet, many radicals know little about her.This book redresses this, revealing the indispensability of her work for green politics, left economics and radical democracy. Ostrom has often been viewed as a conservative or managerial thinker; but Derek Wall's analysis of her work reveals a how itis invaluable for developing a left political programme in the twenty-first century. Central to Ostrom's work was the move 'beyond panaceas'; transforming institutions to widen participation, promote diversity and favour cooperation overcompetition. She regularly challenged academia as individualist, narrow and elitist and promoted a radical take on education, based on participation. Her investigations into how we share finite resources has radical implications for the Green movement and her rubric for a functioning collective ownership is highly relevant in order in achieving radical social change. As activists continue to reject traditional models of centralised power, Ostrom's work will become even more vital, offering a guide tocreating economics that exists beyond markets and states.




Governing the Commons


Book Description

Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.




The Uncommon Knowledge of Elinor Ostrom


Book Description

In the 1970s, the accepted environmental thinking was that overpopulation was destroying the earth. Prominent economists and environmentalists agreed that the only way to stem the tide was to impose restrictions on how we used resources, such as land, water, and fish, from either the free market or the government. This notion was upended by Elinor Ostrom, whose work to show that regular people could sustainably manage their community resources eventually won her the Nobel Prize. Ostrom’s revolutionary proposition fundamentally changed the way we think about environmental governance. In The Uncommon Knowledge of Elinor Ostrom, author Erik Nordman brings to life Ostrom’s brilliant mind. Half a century ago, she was rejected from doctoral programs because she was a woman; in 2009, she became the first woman to win the Nobel Prize in Economics. Her research challenged the long-held dogma championed by Garrett Hardin in his famous 1968 essay, “The Tragedy of the Commons,” which argued that only market forces or government regulation can prevent the degradation of common pool resources. The concept of the “Tragedy of the Commons” was built on scarcity and the assumption that individuals only act out of self-interest. Ostrom’s research proved that people can and do act in collective interest, coming from a place of shared abundance. Ostrom’s ideas about common resources have played out around the world, from Maine lobster fisheries, to ancient waterways in Spain, to taxicabs in Nairobi. In writing The Uncommon Knowledge of Elinor Ostrom, Nordman traveled extensively to interview community leaders and stakeholders who have spearheaded innovative resource-sharing systems, some new, some centuries old. Through expressing Ostrom’s ideas and research, he also reveals the remarkable story of her life. Ostrom broke barriers at a time when women were regularly excluded from academia and her research challenged conventional thinking. Elinor Ostrom proved that regular people can come together to act sustainably—if we let them. This message of shared collective action is more relevant than ever for solving today’s most pressing environmental problems.




Challenging Institutional Analysis and Development


Book Description

Challenging Institutional Analysis and Development demonstrates the importance of one of the 2009 Nobel Prize in Economics winners Elinor Ostrom's research program. The Bloomington School has become one of the most dynamic, well recognized and productive centers of the New Institutional Theory movement. Its ascendancy is considered to be the result of a unique and extremely successful combination of interdisciplinary theoretical approaches and hard-nosed empiricism. This book demonstrates that the well-known interdisciplinary and empirical agenda of the Bloomington Research Program is the result of a less-known but very bold proposition: an attempt to revitalize and extend into the new millennium a traditional mode of analysis illustrated by authors like Locke, Montesquieu, Hume, Adam Smith, Hamilton, Madison and Tocqueville. As such, the School tries to synthesize the traditional perspectives with the contemporary developments in social sciences and thus to re-ignite the old approach in the new intellectual and political context of the twentieth century. The book presents an outline and a systematic analysis of the vision behind the Bloomington Research Program in Institutional Analysis and Development, explaining its basic assumptions and its main themes as well as the foundational philosophy that frames its research questions and theoretical and methodological approaches. This book will be of interest to students and scholars of social science, especially those in the fields of economics, political sciences, sociology and public administration.







Managing the Commons, Second Edition


Book Description

Garrett Hardin's seminal essay "The Tragedy of the Commons" appeared in 1968 and has been at the center of the debate on commonly owned ground or resources such as Western public grazing or the oceans. This is the second edition of a book exploring the issues raised in Hardin's essay. As scarce resources are increasingly strained. It is ever more crucial to identify those resources which are held in common and are therefore prone to "tragic" waste and abuses. The essay in this volume focus on alternate institutional approaches to managing these resources to prevent such tragedy.




Understanding Institutional Diversity


Book Description

The analysis of how institutions are formed, how they operate and change, and how they influence behavior in society has become a major subject of inquiry in politics, sociology, and economics. A leader in applying game theory to the understanding of institutional analysis, Elinor Ostrom provides in this book a coherent method for undertaking the analysis of diverse economic, political, and social institutions. Understanding Institutional Diversity explains the Institutional Analysis and Development (IAD) framework, which enables a scholar to choose the most relevant level of interaction for a particular question. This framework examines the arena within which interactions occur, the rules employed by participants to order relationships, the attributes of a biophysical world that structures and is structured by interactions, and the attributes of a community in which a particular arena is placed. The book explains and illustrates how to use the IAD in the context of both field and experimental studies. Concentrating primarily on the rules aspect of the IAD framework, it provides empirical evidence about the diversity of rules, the calculation process used by participants in changing rules, and the design principles that characterize robust, self-organized resource governance institutions.




Working Together


Book Description

Advances in the social sciences have emerged through a variety of research methods: field-based research, laboratory and field experiments, and agent-based models. However, which research method or approach is best suited to a particular inquiry is frequently debated and discussed. Working Together examines how different methods have promoted various theoretical developments related to collective action and the commons, and demonstrates the importance of cross-fertilization involving multimethod research across traditional boundaries. The authors look at why cross-fertilization is difficult to achieve, and they show ways to overcome these challenges through collaboration. The authors provide numerous examples of collaborative, multimethod research related to collective action and the commons. They examine the pros and cons of case studies, meta-analyses, large-N field research, experiments and modeling, and empirically grounded agent-based models, and they consider how these methods contribute to research on collective action for the management of natural resources. Using their findings, the authors outline a revised theory of collective action that includes three elements: individual decision making, microsituational conditions, and features of the broader social-ecological context. Acknowledging the academic incentives that influence and constrain how research is conducted, Working Together reworks the theory of collective action and offers practical solutions for researchers and students across a spectrum of disciplines.




The Commons and a New Global Governance


Book Description

Given the new-found importance of the commons in current political discourse, it has become increasingly necessary to explore the democratic, institutional, and legal implications of the commons for global governance today. This book analyses and explores the ground-breaking model of the commons and its relation to these debates.




Narrative Economics


Book Description

From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.