What is Big Think?  

We are Big Idea Hunters…

We live in a time of information abundance, which far too many of us see as information overload. With the sum total of human knowledge, past and present, at our fingertips, we’re faced with a crisis of attention: which ideas should we engage with, and why? Big Think is an evolving roadmap to the best thinking on the planet — the ideas that can help you think flexibly and act decisively in a multivariate world.

A word about Big Ideas and Themes — The architecture of Big Think

Big ideas are lenses for envisioning the future. Every article and video on bigthink.com and on our learning platforms is based on an emerging “big idea” that is significant, widely relevant, and actionable. We’re sifting the noise for the questions and insights that have the power to change all of our lives, for decades to come. For example, reverse-engineering is a big idea in that the concept is increasingly useful across multiple disciplines, from education to nanotechnology.

Themes are the seven broad umbrellas under which we organize the hundreds of big ideas that populate Big Think. They include New World Order, Earth and Beyond, 21st Century Living, Going Mental, Extreme Biology, Power and Influence, and Inventing the Future.

Big Think Features:

12,000+ Expert Videos

1

Browse videos featuring experts across a wide range of disciplines, from personal health to business leadership to neuroscience.

Watch videos

World Renowned Bloggers

2

Big Think’s contributors offer expert analysis of the big ideas behind the news.

Go to blogs

Big Think Edge

3

Big Think’s Edge learning platform for career mentorship and professional development provides engaging and actionable courses delivered by the people who are shaping our future.

Find out more
Close
With rendition switcher

Transcript

Question: How does economics differ between renewable and non-renewable resources?

Elinor Ostrom: Yeah, it's a big problem and Gary Libecap has done an excellent variety of very good economic articles on oil wells. And there your problem is timing rather than how much you take out now. Because if you take out oil too fast, the soil around it collapses. And so oil companies have had to invest heavily in getting good technical geologic information and then developing agreements among them as to the way they're going to extract. And to that extent, while the oil is in the ground, it's a common pool. But like water, once it's pulled out, it becomes something that can be packaged. And here, the problem of getting good timing is a very big one. In the Middle East, oil has been run pretty much as an oligopoly and a part of our problem is the pricing of an oligopoly is not necessarily a fair pricing.

On the other hand, we do need to have more resources that are used for heating and transport priced higher, but then can that money go into public coffers that then invest in new solar innovations, wind power, and a variety of other techniques, rather than into an oligopolous pocket.

Recorded on: October 25, 2009

 

The Range of the Future

Newsletter: Share: