Hung_Influential Figure

Hung_Influential Figure - Hung Nguyen Elinor Ostrom Elinor...

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Hung Nguyen Elinor Ostrom Elinor Ostrom is an outstanding individual who won the 2009 Nobel Prize Award in Economic Sciences. What is interesting about this achievement is that Elinor Ostrom was the first woman to win a Nobel Prize in Economics. Her research focused on the management of commons at a small level (local communities). It strongly tackled with the idea proposed by Gerald Hardin , the - Tragedy of the Commons , in which he claimed that the only solution to successfully solve the commons problem is mutual coercion. Ostrom works is extremely important today because there is so many “commons” needed to be managed effectively and we humans tend to lean towards the idea that commons will ended in tragedy. An article in the Economist (1997) “Plenty of gloom” did mention several predictions that the world will eventually run out of resources, the author himself said: “… The trend in each is undoubtedly not benign, but it is exaggerated.” True, but wrong. My opinion on this is that there is nothing exaggerating if the issue is happening right now at a very fast pace. The concern here is how we human limiting ourselves from “over-exploiting” the resources. Elinor Ostrom used the term “common pool resources” to describe things that are completely free to use for humans such as water, fish, tree … Such things were long been presumed to be controlled by privatization or governmental –wise. However, Ostrom has been doing researches to claim that “common pool resources” can be well managed by local communities, those who are more familiar with it. By having an early experience with resource management during a tough economics time (Ostrom grew up during the Great Depression), she was able to observe and appreciate how resource management without governmental intervention can be successful. She was quoted saying argues that: “common users create and enforce rules that mitigate overexploitation” to supports her claim that in some cases, commons can be well managed by the resources users.
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In a details study targeting forest use and sustainability, Elinor Ostrom introduced a very well layout method that can ensure the quality and legitimate of her report. Specifically, she proposed a large scale observation,
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Hung_Influential Figure - Hung Nguyen Elinor Ostrom Elinor...

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