Tragedy of the commons

The passing of Elinor Ostrom on June 12th gives rise to acknowledging again not only she as the first woman to receive the Nobel Prize in economics but the ability of all us to make a difference.

As mentioned in The Washington Post article, the tragedy of the commons suggests that individuals acting in self-interest will ultimately deplete a resource that is open to everyone.

In this short entry and by way of this informative and sometimes entertaining video presented by Elinor, it’s possible to see why Time Magazine recently named Dr Ostrom as 2012’s one of the 100 most influential people in the world for her work in this field.

Please take a moment to share.

Published by marlonquinn

Marlon Quinn Love of the sea Freedom of movement Simple Living

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