Sunday, July 1, 2012

not all swedish banker prize winners are idiots

"Ostrom’s extensive research on local governance has shattered the myth of inevitability surrounding the “tragedy of the commons” and curtailed the uncritical application of the free-rider hypothesis to collective action problems"

"The daunting task of building rigorous models of economic and political choice in which reciprocity and trust play a meaningful role is only just beginning.."



the theory of spontaneously self organizing collectives

tribal society like commons

yes there's a burkean cautionary tale told here


" by teaching successive generations
 the solution to collective-action problems lie either in the market or in the state"

 “we may be creating the very conditions that undermine our democratic way of life”. .
revolutionary states beware !

but that holds only thru thew usual flinch move  dogma that re-enforces it

ie


"Once destroyed, evolved institutions are every bit as difficult to reconstruct
 as natural ecosystems"