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Quotation of the Day…

Posted By Don Boudreaux On September 27, 2012 @ 8:15 am In Myths and Fallacies,Property Rights | Comments Disabled

… is from page 218 of Elinor Ostrom [1]‘s pioneering 1990 volume, Governing the Commons [2]:

[Peter] Stillman … points out that those who see “a strong central government or a strong ruler” as a solution implicitly assume that “the ruler will be a wise and ecologically aware altruist,” even though these same theorists presume that the users of CPRs [common-pool resources] will be myopic, self-interested, and ecologically unaware hedonists.

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[1] Elinor Ostrom: http://www.nobelprize.org/nobel_prizes/economics/laureates/2009/ostrom.html

[2] Governing the Commons: http://www.amazon.com/Governing-Commons-Evolution-Institutions-Collective/dp/0521405998/ref=la_B001HCXAD4_1_1?ie=UTF8&qid=1348748047&sr=1-1

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