Is the Only Form of ʻReasonable Regulationʼ Self Regulation?: Lessons from Lin Ostrom on Regulating the Commons and Cultivating Citizens

9 Pages Posted: 25 Jan 2010

See all articles by Peter J. Boettke

Peter J. Boettke

George Mason University - Department of Economics; Mercatus Center at George Mason University

Abstract

Elinor Ostrom, the 2009 Nobel Prize winner in economic science, has made significant contributions throughout her career to the disciplines of political economy and public choice. Her most widely recognized contributions relate to the work on common-pool resources. She has discovered a diversity of institutional arrangements that serve in various human societies to promote cooperation and avoid conflict over resource use. Where a strict interpretation of theory would predict over-use and mismanagement, she found collective action arrangements that proved effective in limiting access and establishing accountability. Many of the effective tools of governance she found resided not in the formal structure of government, but instead in the informal, and sometimes even tacit, rules that communities live by.

Suggested Citation

Boettke, Peter J., Is the Only Form of ʻReasonable Regulationʼ Self Regulation?: Lessons from Lin Ostrom on Regulating the Commons and Cultivating Citizens. GMU Working Paper in Economics No. 10-05, Available at SSRN: https://ssrn.com/abstract=1542181 or http://dx.doi.org/10.2139/ssrn.1542181

Peter J. Boettke (Contact Author)

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