Released under the GIC Framework
On June 12, 2012, the world lost one of its great American political economists, Elinor Ostrom. Born and raised in sunny California, Ostrom said that growing up poor in a rich neighborhood gave her a “different perspective on the future”. It was that perspective that helped to influence the lives of many and eventually win her a Nobel Peace Prize. Ostrom won the Nobel in 2009 “for work showing that informal groups of ordinary people can sometimes manage natural resources such as forests and lakes better than governments or private companies”. She was also credited for writing the book, “Governing The Commons”, a study that looked at collectively managing shared resources.
Read more about Elinor Ostrom HERE