Elinor Ostrom Outlines Best Strategies for Managing the Commons

A breakthrough for the commons came in 2009 when Elinor Ostrom won the Nobel Prize for Economics. The first woman awarded this honor, the Indiana University political scientist not only made history but also helped debunk widespread notions that the commons inevitably leads to tragedy. In 50 years of research from Nepal to Kenya to Switzerland to Los Angeles, she has shown that commonly held resources will not be destroyed by overuse if there is a system in place to manage how they are shared.

Green, cheap, now

Sonoma County can have both green energy and lower rates. The key is to focus on building local solar, wind, geothermal, and other renewable resources, and focusing on making all aspects of the energy system, from generation to consumption, more efficient.

Economics students on the move

How our economy will be organised in the future relies heavily on how our future economists understand the world and its workings, as well as their values. Economics education is obviously, therefore, of fundamental importance. The movements to reform economics education, shifting it from the realm of theology into one of pluralism and genuine debate, have been followed with interest by this blog.

Bartering helps Greeks survive economic crisis

The entire country of Greece is currently facing economic ruin…Right now, Greece’s debt is bigger than it’s economy. That should sound pretty familiar to readers in the United States…As Greek political leaders toss around the pros and cons of a European bailout of their country’s entire economy, the people of Greece have found their own cashless way to cope.

Fracking turmoil – November 3

-US to require details of fracking on federal land
-When Transition meets fracking, and wins. The story of Transitions Cowbridge and Llantwit.
-Exclusive: Fracking company – we caused 50 tremors in Blackpool – but we’re not going to stop
-Fracking protesters storm shale gas exploration site

Wall Street by the book

Once upon a time, no one imagined that an American world of home ownership and good jobs, of cheap gas and cheaper steaks, would ever end.  Nonetheless, it was kneecapped over the last few decades and it’s not coming back.  Not for you or your children, no matter what happens economically. So don’t kid yourself: whether you know it or not, young as you are, you’re in mourning, too, or Occupy Wall Street wouldn’t exist. Unlike the Tea Party, however, you are young, which means that you’re also a movement of the unknown future, which is your strength.

Move Your Money: Campaign grows to divest from “Too Big to Fail” banks to local banks, credit unions

As participants in the Occupy Wall Street movement continue protesting the record profits made by banks bailed out by taxpayer money, a group of grassroots activists are hitting America’s largest banks—including JPMorgan Chase, Bank of America and Wells Fargo—where it hurts most: the wallet. Dubbing this Saturday, Nov. 5 as “Bank Transfer Day,” activists are urging people to move their money out of the banks deemed “too big to fail” into local community banks and credit unions.