Elinor Ostrom was awarded the 2009 Nobel Prize in Economics for her “her analysis of economic governance, especially the commons.” In particular, Ostrom identified a third realm of voluntary common governance of commons and voluntary provision of public goods that is in between the coercive action of the state and individualized market exchange. Ostrom, along … Continue reading “LEC Workshop for Law Professors on Elinor Ostrom and the Spontaneous Order Tradition”