Elinor Ostrom was the first woman to win the Nobel Prize for
Economics. Her theorising of the commons has been celebrated as
groundbreaking and opening the way for non-capitalist economic
alternatives, yet, many radicals know little about her. This book
redresses this, revealing the indispensability of her work for
green politics, left economics and radical democracy. Ostrom has
often been viewed as a conservative or managerial thinker; but
Derek Wall’s analysis of her work reveals a how it is invaluable
for developing a left political programme in the twenty-first
century. Central to Ostrom’s work was the move ‘beyond
panaceas’; transforming institutions to widen participation,
promote diversity and favour cooperation over competition. She
regularly challenged academia as individualist, narrow and elitist
and promoted a radical take on education, based on participation.
Her investigations into how we share finite resources has radical
implications for the Green movement and her rubric for a
functioning collective ownership is highly relevant in order in
achieving radical social change. As activists continue to reject
traditional models of centralised power, Ostrom’s work will
become even more vital, offering a guide to creating economics that
exists beyond markets and states.
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