Last month Elinor Ostrom won the Nobel prize in economics “for her analysis of economic governance, especially the commons.”
In this eight minute clip, she marries the notion of sustainability to our conception(s) of the role and value of public versus private property. Defending the the urgent need for a public system that recognizes scarcity, she tackles the classic tragedy of the commons problem and how we might structure a system that moves beyond it.
(video link h/t ECalgary)
