The Future of the Commons: Beyond Market Failure & Government Regulations (Institute of Economic Affairs: Occasional Papers). Questo articolo non è disponibile.The Future of the Commons: Beyond Market Failure & Government Regulations (Institute of Economic Affairs: Occasional Papers)

This short book provides a brief introduction to the work of the late Elinor Ostrom; her work is of vital importance in understanding how to manage difficult environmental problems without top-down government regulation. As Ostrom suggests, examples such as European Union fisheries illustrate the difficulties of approaching the management of common-pool resources with the mindset that government regulation can be a panacea. The monograph features a lecture given by Ostrom as well as explanations of her work, its relevance, and practical examples by other eminent authors. Important for all those with an interest in tackling environmental problems related to common-pool resources, this book tackles this area that is often ignored in mainstream economics textbooks, but is of huge practical relevance in both developed and less-developed countries.

Elinor Ostrom was the Arthur F. Bentley Professor of Political Science and codirector of the Workshop in Political Theory and Policy Analysis, both at Indiana University, and an Economic Sciences Nobel Laureate. She is the author of Governing the Commons: The Evolution of Institutions for Collective Action and Understanding Institutional Diversity. Christina Chang is a lead economic analyst at the Catholic Agency for Overseas Development (CAFOD). Mark Pennington is a professor of public policy and political science at King’s College, University of London. Vlad Torko is a PhD and research fellow at the Mercatus Center at George Mason University, a research center dedicated to bridging the gap between academic research and public policy problems.