"What 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."
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Nobel laureates from the United StatesPeople from Los AngelesEconomists from the United StatesNobel laureates in EconomicsUniversity of California, Los Angeles alumni
Original Language: English
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(1996) Governing the Commons: The Evolution of Institutions for Collective Action p. 25-26
https://en.wikiquote.org/wiki/Elinor_Ostrom
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Elinor Ostrom
Elinor "Lin" Ostrom (August 7, 1933 – 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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