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David Henderson on Economists’ Nobels, Obituaries, and More

The Great Antidote

CHAPTER

The Tragedy of the Unmanaged Commons

In economics, there's an economist who I knew quite well named George Stigler. He said he'd come up with Stigler's law - a concept in economics is never named after the person who discovered it. Lynn Ostrom looked around at the world and found all kinds of studies of people doing just that. And again, she didn't discover it. She just said, hey, I'm going to look around and see what people doing. That's what she found. Anyway, that's kind of like math too. Go ahead.

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