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In novel approach to fisheries, fishermen manage the catch
Prior to Ostrom, many economists believed the commons could be solved only through privatization or top-down state control. In her 1990 book Governing the Commons, Ostrom found examples of a third way: self-organized enterprises — groups of fishers, farmers, or ranchers — who voluntarily organized themselves in order to share the short-term sacrifices and reap the long-term rewards of their sustainable stewardship of common resources.
February 1, 2011
