Meeting the Call of Duty at the Dinner Table
Elinor Ostrom was awarded the 2009 Nobel Memorial Prize in the Economic Sciences for her analysis of economic governance and commons law. She is the Arthur F. Bentley Professor of Political Science and Co-Director of the Workshop in Political Theory and Policy Analysis at Indiana University in Bloomington and Research Professor and the Founding Director of the Center for the Study of Institutional Diversity at Arizona State University in Tempe. She received her B.A., M.A., and Ph.D from UCLA and is the author of numerous books, including "Understanding Institutional Diversity."
Question: If you could have dinner with anybody, who would it be?
Elinor Ostrom: Well, I would like to have a dinner with John R. Commons, who was a very distinguished labor economist at the University of Wisconsin and whose work I've read multiple times and I still assign to my students. He was struggling with trying to understand how to enable labor to organize more effectively and wrote some of the initial legislation for labor law in Wisconsin and elsewhere. And he had a very interesting philosophy about rights having a counterpart to duties. And so if somebody has a right, somebody has to have a duty! And I would love to discuss with him some of those philosophical foundations.
Recorded on: October 25, 2009
If given the opportunity to sit down with anybody, Elinor Ostrom would meet the late labor economist John Commons, who linked the individual’s rights with their responsibilities.
These five main food groups are important for your brain's health and likely to boost the production of feel-good chemicals.
We all know eating “healthy” food is good for our physical health and can decrease our risk of developing diabetes, cancer, obesity and heart disease. What is not as well known is that eating healthy food is also good for our mental health and can decrease our risk of depression and anxiety.
Infographics show the classes and anxieties in the supposedly classless U.S. economy.
For those of us who follow politics, we’re used to commentators referring to the President’s low approval rating as a surprise given the U.S.'s “booming” economy. This seeming disconnect, however, should really prompt us to reconsider the measurements by which we assess the health of an economy. With a robust U.S. stock market and GDP and low unemployment figures, it’s easy to see why some think all is well. But looking at real U.S. wages, which have remained stagnant—and have, thus, in effect gone down given rising costs from inflation—a very different picture emerges. For the 1%, the economy is booming. For the rest of us, it’s hard to even know where we stand. A recent study by Porch (a home-improvement company) of blue-collar vs. white-collar workers shows how traditional categories are becoming less distinct—the study references "new-collar" workers, who require technical certifications but not college degrees. And a set of recent infographics from CreditLoan capturing the thoughts of America’s middle class as defined by the Pew Research Center shows how confused we are.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.