Research on Common Property Wins Nobel Prize

Well, it's Elinor Ostrom who actually won the 2009 Nobel Prize in Economic Science, not the topic itself of collective management of resources. (hello, ELT!)

She's done years of work on societies and communities who manage property collectively - how it works, why it works, and what conditions must exist to make collective management work well. She's produced hundreds of studies on the conditions in which communities self-organize to solve common problems.

It's an interesting read about her in this month's YES! magazine. As YES! says, "What makes this award particularly special is that her work is about cooperation."

She lists conditions that need to exist to effectively manage collective property. Interesting to see if they apply to our circumstances and individual communities.

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