Law: The Invisible Architecture of the Commons by Saki Bailey, Shareable: In 2009, polit…
Law: The Invisible Architecture of the Commons by Saki Bailey, Shareable: In 2009, polit…
In 2009, political economist Elinor Ostrom won the Nobel Prize in economics for her work demonstrating that "the commons" are not simply unregulated spaces of ruin, but instead places where the law operates invisibly, according to community norms and values in ways that lead to their sustainable use over many generations. What Ostrom's work revealed is that the "invisibility" of law and legal governance in the commons was the result of a bias in favor of private property as the optimal form of governance of scarce resources.
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www.shareable.net
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