subject
English, 10.02.2020 16:33 hulyy2

Which sentence best shows that Ostrom caused a major shift in how economists approach a particular subject?

A Nobel Prize Winner’s Novel Idea
In 2009, Indiana University professor Elinor Ostrom became the first woman to win the Nobel prize in economics. Ostrom received this international honor "for her analysis of economic governance, especially the commons." In her scholarly work, Ostrom skillfully applied economic principles to show how people can share and preserve Earth’s limited resources peacefully.

When people must share limited resources, such as water or farmland, it can be difficult for them to avoid conflict with one another. Ostrom’s research showed how groups can work together to manage these resources through collective property rights. This economic principle refers to people owning land and other property as a group rather than as individuals.

Until Ostrom came along, the idea of the “tragedy of the commons” was widely accepted by scholars. According to this idea, people competing for resources will always put their own self-interests above the good of the community. Ostrom demonstrated that when people share a common resource, the tragedy of the commons is not the only possible outcome, or even the most likely outcome. She showed that people can develop their own systems without outside regulation. She also affirmed that people can work on their own to build trust with each other in a way that is mutually beneficial. Ostrom stated, “Now I've seen in laboratory settings and the field settings that . . . most individuals are nuanced beings [who] can have real preferences about the welfare of others. If presented a situation where they can evolve trust and reciprocity, they will do so.”

Source: National Institutes of Health

ansver
Answers: 1

Another question on English

question
English, 21.06.2019 18:10
Drag each label to the correct location. in "sinners in the hands of an angry god," jonathan edwards compares a number of different items to either nonbelievers or to the wrath of god. match each item to one of these categories. chaff rough wind spider falling rock bow storm
Answers: 3
question
English, 22.06.2019 08:30
Why is mme. loisel "full of anxiety" when she asks to borrow the necklace? a. she is humiliated at having to borrow the necklace. b. she dreads going to the reception. c. she lacks confidence in her beauty. d. mme. forester gives her too many pieces to choose from
Answers: 3
question
English, 22.06.2019 13:50
Troy carried the lamp all the way home the lamp was very heavy
Answers: 2
question
English, 22.06.2019 14:00
Which source would be the most credible choice for researching the life of anne frank?
Answers: 2
You know the right answer?
Which sentence best shows that Ostrom caused a major shift in how economists approach a particular s...
Questions
question
Social Studies, 05.12.2020 17:30
question
Biology, 05.12.2020 17:30
question
Arts, 05.12.2020 17:30
question
Chemistry, 05.12.2020 17:30
question
English, 05.12.2020 17:30
question
Computers and Technology, 05.12.2020 17:40
question
Mathematics, 05.12.2020 17:40
Questions on the website: 13722367