The threat posed by global warming and environmental degradation are the most pressing examples of what has become known over the past several decades as the ‘tragedy of the commons’. In this book, Derek Wall explores the work of the late Nobel Laureate, Elinor Ostrom, on how humans can overcome this problem, and sustain the commons over the long term. Chris Shaw finds that this book is an accessible presentation of Ostrom’s ideas.
The Sustainable Economics of Elinor Ostrom: Commons, Contestation and Craft. Derek Wall. Routledge. 2014.
Derek Wall has been an important figure in the Green Party for a number of years and also works as Associate Tutor in the Department of Politics at Goldsmiths, University of London. He has written extensively on the subject of green politics and green economics. In The Sustainable Economics of Elinor Ostrom: Commons, Contestation and Craft, he examines what the idea of the commons can contribute to the building of an ecologically sustainable future. He approaches this analysis through an overview of the work of the late Elinor Ostrom (who died in 2012), the first woman to win a Nobel Prize in economic sciences.
Ostrom’s principal interest was in how institutions worked or failed to sustain collective resource use. Ostrom noted that self-governing entities exist at a variety of scales and can be found in both the public and private sphere. The key question for Ostrom was: ‘How can fallible human beings achieve and sustain self-governing ways of life and self-governing entities as well as sustaining ecological systems at multiple scales?’
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