First Woman Recipient of Nobel Prize for Economics, A Key Player in Ending the Race for Fish

From Environmental Defesne Fund:

Elinor Ostrom, who shares this year’s Nobel Prize for Economics, laid much of the intellectual foundation for EDF’s current work with fishery cooperatives. Catch shares evolved from common property theory and empirical observations that, under certain conditions, resources such as fish, water, or pasture land tend to be overexploited when property rights are not clearly delineated. Ostrom’s research shows that resource users can develop cooperative methods to avoid overexploiting resources and dissipating weath through competition. 

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Comments

[Marsh Rat]

Sorry, but I'm not buying EDF's spin here. For years, they've referenced the 'tragedy of the commons' and have pushed privatization of resources.

[MUDDOG]

EDF/PEW BUYS THEIR SCIENCE, FISHERMEN (CAPE COD HOOKERS),POLITICIANS,MEDIA & THE PEOPLE WHO WRITE THESE TWISTED ARTICLES. OF COURSE, ALL THE COMMENTS IN FAVOR OF THEIR IDEAS ARE PEOPLE ON THE PAYROLL...GREEN-AS IN CASH. CATCH SHARES DON'T END OVERFISHING ARE NOT COST EFFECTIVE FOR FISHERMEN, CONSUMERS & COMMUNITIES. NO WAY WILL CORPORATIONS CARE ABOUT THE ENVIRONMENT. SO PLEASE, TELL US WHY THEY HAVE ANY BENEFITS BESIDES MAKING HEDGE HOGS ON WALL STREET HAPPY & RICHER.