Quotation of the Day…

by Don Boudreaux on September 27, 2012

in Myths and Fallacies, Property Rights

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

[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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