The Uncommon Knowledge of Elinor Ostrom

Book excerpt: Fifty years ago, conventional thinking among economists and environmentalists was that depletion of natural resources could only be prevented through the free market or government regulation. This notion was upended by Elinor Ostrom, whose work to show that regular people could sustainably manage their community resources won her the Nobel Prize in Economics. Ostrom's revolutionary proposition fundamentally changed how we think about environmental governance. In The Uncommon Knowledge of Elinor Ostrom, author Erik Nordman brings to life Ostrom's brilliant mind. Ostrom's research proved that people can and do act in collective interest, and her ideas about common resources have played out around the world, from Maine lobster fisheries to taxicab use in Nairobi. Ostrom broke barriers at a time when women were regularly excluded from academia. Her message of shared collective action is more relevant than ever for solving today's most pressing environmental problems.