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Opening Arguments

Elinor Ostrom, RIP

Indiana has lost a treasure. From the IU annnoucment today:

The entire Indiana University community mourns the passing today of Distinguished Professor Elinor Ostrom, who received the 2009 Nobel Prize in Economic Sciences for her groundbreaking research on the ways that people organize themselves to manage resources.

Ostrom's intriguing and groundbreaking research suggests that there need not be either top-down control or private ownership to avoid "the tragedy of the commons." Ordinary people are capable of creating rules and institutions for the sustainable and equitable management of shared resources.