Elinor Ostrom
Political economist; laureate of the Sveriges Riksbank Prize in Economic Sciences, 2009
Yes, but not with a formula. So there are many, many efforts now to decentralize and they create a rigid formula and give people rules from on top and say, 'Now it's yours.' And that isn't worked very well either. … And, you think about the variety. If you look at a countryside, think of the variety out there in terms of the ecological variety. Well, if people are going to manage ecological variety, no single set of rules will work in a semi-arid versus a tropical-wet region. They have to be different.
Recorded
Adam Smith, Telephone interview recorded immediately after the prize announcement, Nobel Prize Outreach, 12 October 2009
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