Humans have a more complex motivational structure and more capability to solve social dilemmas than posited in earlier rational-choice theory.
Elinor Ostrom
American political economist (1933-2012)
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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.
About
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…
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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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