Exploring the Interconnection of Government Action and Market Stability

In episode 065, Martin and Jahed chat with Drs. Jenn and Ilia Murtazashvili, from the University of Pittsburgh’s Center for Governance and Markets, and dive into the details of their new book, Towards a Political Economy of the Commons: Simple Rules for Sustainability. In the conversation, they cover the basics of what a commons is, what polycentrism is, and how property regimes and governmental institutions shape contexts and outcomes for commons-based governance. They conclude by diving into real world examples of functioning commons across the world, and touch on possibilities for governing the global environmental commons in the context of climate change. We hope you enjoy the episode!