Elinor Ostrom Quotes


In some settings, however, rampant opportunistic behavior severely limits what can be done jointly without major investments in monitoring and sanctioning arrangements.


Citations

Ostrom, Elinor. Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge University Press, 1990, p. 33.

Related Quotes

He was chiding Republicans who commonly extolled community values and yet would rarely invest any resources in developing or maintaining communities.


Elinor Ostrom
Elinor Ostrom
  • Born: August 7, 1933
  • Died: June 12, 2012
  • Nationality: American
  • Profession: Economist

Elinor Claire "Lin" Ostrom was an American political economist whose work was associated with the New Institutional Economics and the resurgence of political economy. In 2009, she was awarded the Nobel Memorial Prize in Economic Sciences for her "analysis of economic governance, especially the commons", which she shared with Oliver E. Williamson. To date, she remains the first of only two women to win the Nobel Prize in Economics, the other being Esther Duflo.