Lecture to explore links between Ostrom research, free-market environmentalism

Elinor Ostrom showed that groups and individuals working at the local level can manage shared resources without resorting to private ownership or government regulation. Vincent Ostrom explained polycentric governance, multiple centers of decision-making that operate independently and effectively. Terry Anderson draws on both to explore the potential for free-market environmentalism, which applies markets and property […]

Free Market Road Show to visit IU Bloomington

Opinion leaders from the worlds of academia, business and journalism will make the case for free-market economics next week when the Austrian Economics Center brings its Free Market Road Show to Indiana University Bloomington. The road show, “Learning Lessons on the Road to Serfdom: From Austria to America,” will take place from 12:30 p.m. to […]

Economist: Property rights an underappreciated response to resource issues

Indiana University political scientist Elinor Ostrom and her colleagues and students famously showed that people and organizations can work together to prevent overuse of natural resources through the creation of informal institutions and mutually agreed-upon rules. But what happens when forces compete for “open-access resources” in larger settings that don’t respond to such informal governance? […]

UC Santa Barbara economist to present Ostrom Memorial Lecture

Economist Gary D. Libecap, a professor at the Bren School of Environmental Policy and Management at the University of California, Santa Barbara, will present the second Vincent and Elinor Ostrom Memorial Lecture this week at IU Bloomington. Libecap, whose research focuses on issues related to entrepreneurship and sustainable business practices, will speak at 4 p.m. […]

Remembering Douglass North, friend to IU’s Ostrom Workshop

Nobel Prize-winning economist Douglass C. North, who died last month at age 95, was a longtime friend and admirer of Indiana University faculty members Elinor and Vincent Ostrom. His death was duly noted on the website of the Ostrom Workshop, which posted a link to the New York Times obituary. North was one of a […]

IU economist at Jackson Hole: Analysis should make room for ‘confounding dynamics’

Central bankers and academic economists often see the job of monetary policy as keeping the economy on a steady path guided by a target rate of inflation and an ideal rate of growth in economic output. But Indiana University economist Eric Leeper and a co-author argue that they should be paying more attention to so-called […]

Education economist to present study of early childhood curriculum

The Economics of Education Seminar Series at IU Bloomington resumes this week with a presentation by University of California, Irvine, researcher Greg Duncan, a nationally known expert on income inequality and early childhood education – two topics that have been very much in the news. His talk, “Optimal Early Childhood Education Policies,” will take place […]

IU commencement speaker: create ‘ethical version of economics’

Few people blend policy and poetry like Michael D. Higgins, the president of Ireland and the undergraduate commencement speaker May 10 at Indiana University Bloomington. The author of four published collections of poetry, he spoke passionately to IU graduates about maintaining the “ancient symmetry between nature, human understanding and scholarship.” But he has spent decades […]