Elinor Ostrom

Economics American 1933 – 2012 101 quotes

The first woman to win the Nobel Memorial Prize in Economic Sciences for her analysis of economic governance, especially the commons.

Quotes by Elinor Ostrom

We need to study actual field settings to understand how institutions evolve.

Crafting Institutions 1982

Trust is built through repeated interactions and monitoring.

Governing the Commons 1990

Central governments often fail to manage local resources effectively.

Understanding Institutional Diversity 2005

Communities can design rules that fit their specific contexts better than top-down regulations.

Understanding Institutional Diversity 2005

The commons are not doomed; they can be governed sustainably.

Nobel Prize Acceptance Speech 2009

I was fortunate to have mentors who encouraged me to think independently.

Autobiographical Reflections 2012

Economics should be about understanding human cooperation, not just competition.

Interview 2009

Field experiments reveal that people often choose cooperation over self-interest.

Journal Article 2006

Institutions are the rules of the game in a society.

Governing the Commons 1990

Sanctions must be graduated to encourage compliance without excessive punishment.

Governing the Commons 1990

Local knowledge is crucial for effective resource management.

Understanding Institutional Diversity 2005

The world is full of successful common-pool resource institutions that we can learn from.

Governing the Commons 1990

Women often play key roles in managing household and community resources.

Speech 2010

Rigorous analysis of long-enduring institutions is essential for policy design.

Crafting Institutions 1982

Overly simplistic models lead to misguided policies.

Nobel Lecture 2009

Cooperation emerges from nested enterprises at multiple levels.

Nobel Lecture 2009

I believe in the capacity of ordinary people to solve extraordinary problems.

Interview 2011

Boundaries matter: clear boundaries enhance cooperation.

Governing the Commons 1990

Monitoring by the users themselves is more effective than external monitoring.

Governing the Commons 1990

The Nobel Prize was a recognition of collective efforts in the field.

Nobel Prize Acceptance Speech 2009