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Humans have a more complex motivational structure and more capability to solve social dilemmas than posited in earlier rational-choice theory. Design… - Elinor Ostrom
" "Humans have a more complex motivational structure and more capability to solve social dilemmas than posited in earlier rational-choice theory. Designing institutions to force (or nudge) entirely self-interested individuals to achieve better outcomes has been the major goal posited by policy analysts for governments to accomplish for much of the past half century. Extensive empirical research leads me to argue that instead, a core goal of public policy should be to facilitate the development of institutions that bring out the best in humans.
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About Elinor Ostrom
Elinor "Lin" Ostrom (August 7, 1933 – June 12, 2012) was an American political economist, whose work was associated with the new institutional economics and the resurgence of political economy. In 2009, she shared the Nobel Memorial Prize in Economic Sciences with Oliver E. Williamson.
Also Known As
Birth Name:
Elinor Claire Awan
Alternative Names:
Elinor "Lin" Ostrom
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E. Ostrom
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E Ostrom
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Ostrom E
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Ostrom E.
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Ostrom E. L.
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Ostrom EL
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Ostrom
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Additional quotes by Elinor Ostrom
We should continue to use simple models where they capture enough of the core underlying structure and incentives that they usefully predict outcomes. When the world we are trying to explain and improve, however, is not well described by a simple model, we must continue to improve our frameworks and theories so as to be able to understand complexity and not simply reject it.
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