No I'm not talking about his Nobel Peace Prize. I'm talking about the Economic Prize announced this morning. Elinor Ostrom and Oliver Williamson won it for:
Ostrom, a political scientist at Indiana University, showed how common resources — forests, fisheries, oil fields or grazing lands — can be managed successfully by the people who use them, rather than by governments or private companies.We keep finding this over and over: The closer to a problem decisions are made the better the decision.
"What we have ignored is what citizens can do and the importance of real involvement of the people involved — versus just having somebody in Washington ... make a rule," Ostrom said during a brief session with reporters in Bloomington.
Mr. Obama, Congress, are you listening?
House of Representatives
Cross Posted at Classical Values