Politics Of Political Economy: Revisiting Elinor Ostrom And Garrett Hardin
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The goal of this thesis is to provide perspective on Prof. Elinor Ostrom’s (d. 2012) challenges and achievements in the field of Political Economy. Her works, chiefly Governing the Commons: The Evolution of Institutions of Collective Action published in 1990, are emblematic of a consensus change in the lens through which policy makers, economists, and everyday human beings view management of shared natural resources. Elinor “Lin” Ostrom’s thinking typifies that of the model 21st-?century political economist: combining creative vision with dogged empirical research to address wholly new and distinctly modern sets of problems. Professor Ostrom tackled problems such as wildlife preservation, urban water management, and fishery conservation among others. Despite receiving the Nobel Prize in Economics in 2009, her body of work on institutions for collective action is often undercut by its unearned reputation as a direct rebuttal to Garrett Hardin’s controversial essay “The Tragedy of the Commons,” published in 1968. However, Ostrom's work stands alone. A clear-?eyed review of political economics reveals the triumph of her indomitable conviction in her method over barriers created by gender-? prejudice.