Elinor Ostrom was an influential political economist known for her work on the governance of common-pool resources. She challenged the conventional wisdom that common resources are best managed through privatization or government regulation, emphasizing that local communities can effectively self-organize and manage these resources sustainably. Her research highlighted the importance of collective action and local knowledge in achieving environmental sustainability.
congrats on reading the definition of Elinor Ostrom. now let's actually learn it.