Is the Only Form of 'Reasonable Regulation' Self Regulation?: Lessons from Lin Ostrom on Regulating the Commons and Cultivating Citizens
9 Pages Posted: 24 Oct 2010 Last revised: 21 Feb 2012
Date Written: January 22, 2010
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. This article focuses on her contributions to our understanding of how rules of self governance can produce cooperation out of situations of conflict over resource use. Through the use of a multiple-methods approach to political economy, Ostrom has demonstrated in a variety of historical circumstances and within a diversity of institutional environments how individuals can craft rules so that they can live better together in their communities and realize the gains from social cooperation under the division of labor.
Keywords: Political economy, Collective action, Governing the commons, Self-regulation
JEL Classification: B31, B25
Suggested Citation: Suggested Citation