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Elinor Ostrom - An Intellectual Biography (Paperback)
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Elinor Ostrom - An Intellectual Biography (Paperback)
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Elinor Ostrom was the first woman to win the Nobel Prize in
economics. She has been at the forefront of New Institutional
Economics and Public Choice revolutions, discovering surprising
ways in which communities around the world have succeed in solving
difficult collective problems. She first rose to prominence by
studying the police in metropolitan areas in the United States, and
showing that, contrary to the prevailing view at the time,
community policing and smaller departments worked better than
centralized and large police departments. Together with her
husband, Vincent, they have set up the Bloomington Workshop in
Political Theory and Policy Analysis, which has grown into a global
network of scholars and practitioners. Throughout her career, she
was interested in studying ecological problems, and understanding
how people manage communal properties. Her most famous discovery is
that communities often find ingenious ways of escaping the "tragedy
of the commons". Analysing a wide-variety of successes and
failures, and working together with many other scholars, she was
able to uncover a series of institutional "design principles": a
set of criteria which, if followed, societies are more likely to be
productive and resilient to shocks. Some of her most important
theoretical insights, about polycentricity and institutional
evolution, arose from this synthesizing effort. Furthermore, this
led her to develop a framework for the study of the relationship
between societies and their natural environment which brought
institutional insights into the field of environmental studies.
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