5 ms·

I mean, Elinor Ostrom won a Nobel Prize for saying that there are loads of great alternatives besides choosing between property rights and the tragedy of the co

• leepowers 7y ago
  Ostrom's work is parochial. Her real-life examples center on small populations adjacent to large natural resources with access negotiated via long-standing community mores. That simply doesn't apply to the high-density populations urban environment where most of humanity lives, and where community ties have less sway. In these situations where most interactions are transactional a robust and fair regime of property rights is probably the ideal solution. With property rights the transaction costs are borne by the property owner up front, while in the community-based the transaction costs are encoded in tradition and personal relationships.
  • fulafel 7y ago
    I think you are nailing down a part of the equation that shouldn't be. What about other ways of organization for our societies? Transitions are possible.