No I'm not talking about his Nobel Peace Prize. I'm talking about the Economic Prize announced this morning. Elinor Ostrom and Oliver Williamson won it for:
Ostrom, a political scientist at Indiana University, showed how common resources -- forests, fisheries, oil fields or grazing lands -- can be managed successfully by the people who use them, rather than by governments or private companies.
"What we have ignored is what citizens can do and the importance of real involvement of the people involved -- versus just having somebody in Washington ... make a rule," Ostrom said during a brief session with reporters in Bloomington.
We keep finding this over and over: The closer to a problem decisions are made the better the decision.
