Derek Wall on Strom winning the Nobel prize in Economics for refuting the “tragedy of the commons.”
Ostrom’s work is important to socialists because it shows that it is possible to run economic systems without private property or state control.
Marx famously argued that socialism would lead to communism based on the commons, where democratic planning would [...]
Posts Tagged ‘Elinor Ostrom’
Elinor Ostrom has transformed economics by showing communal ownership works in capitalism too
The Tragedy of the Commons not so tragic after all.
Elinor Ostrom became the first woman to win the Nobel in Economics earlier this week. Her work refuting the “Tragedy of the Commons” validates basic anarchist and Left Libertarian principles. For those of us trying to look beyond the magic of the market and the inherent problems with government regulation her work provides some great [...]
