Shared Resources Thrive with Community-Driven Management, Challenging Conventional Wisdom
The article discusses Elinor Ostrom's book "Governing the Commons," which challenges traditional economic views on managing shared resources. Ostrom argues that people can work together to manage resources effectively, contrary to common beliefs. She suggests eight principles for successful resource management. Ostrom criticizes popular models like the tragedy of the commons and the prisoners' dilemma, proposing a different approach to collective action.