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The woman who solved economic tragedy

Elinor Ostrom’s on-the-ground research showed how actual people within real, living cultures overcome Hardin’s “Tragedy of the Commons” (more accurately, “The Tragedy of Unmanaged, Laissez-Faire, Common-Pool Resources with Easy Access for Noncommunicating, Self-Interested Individuals”).  Remember that market economies as we know them have only been around for a few centuries (largely coincident with the Antrhopocene) – other socioeconomic systems represent the vast majority of the time that humans have been humans.

Many commons have flourished for hundreds of years, even in periods of drought or crisis. Their success can be traced to a community’s ability to develop its own flexible, evolving rules for stewardship, oversight of access and usage, and effective punishments for rule-breakers. …[T]he rules for appropriating a resource must take account of local conditions and must include limits on what can be taken and how… Commoners must be able to create or influence the rules that govern a commons. … [T]he authority to appropriate a resource, monitor and enforce its use, resolve conflicts and perform other governance activities must be shared across different levels— from local to regional to national to international.

The Political Scientist Who Debunked Mainstream Economics -David Bollier – Evonomics

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