Elinor Ostrom
American political economist (1933-2012) · United States · Academics · Died at 78
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Something wrong?She proved that communities can manage shared resources - forests, fisheries, water - without collapsing into ruin or needing a government or corporation to step in. The work earned her the first economics Nobel given to a woman.
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Humans have a more complex motivational structure and more capability to solve social dilemmas than posited in earlier rational-choice theory.
We should continue to use simple models where they capture enough of the core underlying structure and incentives that they usefully predict outcomes.
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About this person
Elinor Ostrom trained as a political scientist at UCLA and spent 47 years at Indiana University Bloomington, where in the 1960s she built the Workshop in Political Theory and Policy Analysis - a research center run like its name, collaborative and non-hierarchical, drawing scientists across disciplines. She spent decades studying how groups - communities, cooperatives, unions - interact with ecosystems and finite resources. What she found cut against the prevailing gospel: people could govern the commons rationally, averting depletion, without state control or private markets. In 2009 she shared the Nobel Memorial Prize in Economic Sciences for her analysis of economic governance, the first woman to win it. She died in 2012, three years after the prize, her framework alive in resource policy worldwide.
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