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Elinor Ostrom

Political economist; laureate of the Sveriges Riksbank Prize in Economic Sciences, 2009

United States · 1933–2012

Political scientist at Indiana University Bloomington who studied how communities govern shared resources such as fisheries, forests and irrigation systems. In 2009 she became the first woman awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

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What are bad recommendations you hear in your profession or area of expertise?

Yes, but not with a formula. So there are many, many efforts now to decentralize and they create a rigid formula and give people rules from on top and say, 'Now it's yours.' And that isn't worked very well either. … And, you think about the variety. If you look at a countryside, think of the variety out there in terms of the ecological variety. Well, if people are going to manage ecological variety, no single set of rules will work in a semi-arid versus a tropical-wet region. They have to be different.

Recorded Adam Smith, Telephone interview recorded immediately after the prize announcement, Nobel Prize Outreach, 12 October 2009 source

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