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Elinor Ostrom Quotes (1933-2012)
About Elinor Ostrom
Elinor "Lin" Ostrom (August 7, 1933 β June 12, 2012) was an American political economist, whose work was associated with the new institutional economics and the resurgence of political economy. In 2009, she shared the Nobel Memorial Prize in Economic Sciences with Oliver E. Williamson.
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βWhat is missing from the policy analyst's tool kit - and from the set of accepted, well-developed theories of human organization - is an adequately specified theory of collective action whereby a group of principals can organize themselves voluntarily to retain the residuals of their own efforts.β
βWe should continue to use simple models where they capture enough of the core underlying structure and incentives that they usefully predict outcomes. When the world we are trying to explain and improve, however, is not well described by a simple model, we must continue to improve our frameworks and theories so as to be able to understand complexity and not simply reject it.β
βHumans have a more complex motivational structure and more capability to solve social dilemmas than posited in earlier rational-choice theory. Designing institutions to force (or nudge) entirely self-interested individuals to achieve better outcomes has been the major goal posited by policy analysts for governments to accomplish for much of the past half century. Extensive empirical research leads me to argue that instead, a core goal of public policy should be to facilitate the development of institutions that bring out the best in humans.β
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Elinor Ostrom on New institutional economics
βWhat is missing from the policy analyst's tool kit - and from the set of accepted, well-developed theories of human organization - is an adequately specified theory of collective action whereby a group of principals can organize themselves voluntarily to retain the residuals of their own efforts.β
Elinor Ostrom on Collective action
βWhat is missing from the policy analyst's tool kit - and from the set of accepted, well-developed theories of human organization - is an adequately specified theory of collective action whereby a group of principals can organize themselves voluntarily to retain the residuals of their own efforts.β
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Elinor Ostrom on Thomas Hobbes
βThe pervasiveness of social dilemmas has repeatedly been recognized in the great books of political philosophy. Hobbes described such a setting as a βwar of all against all.β Rousseau used a stag hunt to illustrate the problem of a group needing to all work together to hunt a large animal but facing the temptation to break up into separate groups when small animals appeared on the scene that were easy to catch. A small group could catch a rabbit, but ruined the chance for the group to obtain a large animal.β
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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2009: Press Release on Elinor Ostrom 2 quotes
βThe Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2009 to Elinor Ostrom... "for her analysis of economic governance, especially the commons" and Oliver E. Williamson... "for his analysis of economic governance, especially the boundaries of the firm".β
Vedeld on Elinor Ostrom
βOstrom cautioned against single governmental units at global level to solve the collective action problem of coordinating work against environmental destruction. Partly, this is due to their complexity, and partly to the diversity of actors involved. Her proposal was that of a polycentric approach, where key management decisions should be made as close to the scene of events and the actors involved as possible.β
About Elinor Ostrom
Elinor "Lin" Ostrom (August 7, 1933 β June 12, 2012) was an American political economist, whose work was associated with the new institutional economics and the resurgence of political economy. In 2009, she shared the Nobel Memorial Prize in Economic Sciences with Oliver E. Williamson.