Quote of the day
In the past the man has been first; in the future the system must be first. This in no sense, however, implies that great men are not needed. On the contrary, the first object of any good system must be that of developing first-class men
Elinor Ostrom
Born: August 7, 1933
Died: June 12, 2012 (aged 78)
Bio: Elinor Claire "Lin" Ostrom 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.
Known for:
- Governing the commons (1990)
- Understanding institutional diversity (2005)
- Trust And Reciprocity
- Rules, games, and common-pool resources