Elinor Ostrom, Societal Organisation And The God Threshold

Elinor Ostrom gained the Nobel Prize in large part for explaining that there’s a method of societal organisation that isn’t markets and property rights as in capitalism and also isn’t regulation and control, as in a bureaucratic society. This finding of something called the God Threshold is working along the same lines.

So, Ostrom’s point. Garrett Hardin told us about the Tragedy of the Commons. If we’ve open, Marxist, access to a resource then fine. But if demand for the resource exceeds regenerative supply then that resource will become exhausted.…

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