E26: /Governing the Commons/, part 2: the key mechanisms

Ostrom's core principles for the design of successful commons: how to monitor compliance with rules, how to punish non-compliance, how to resolve disputes, and how to participate in making rules.

Elinor Ostrom, Governing the Commons: The Evolution of Institutions for Collective Action, 1990
Erik Nordman, The Uncommon Knowledge of Elinor Ostrom: Essential Lessons for Collective Action, 2021
"The dirty little secret of contract law"

Image of lobster buoys from Flickr user Raging Wire, licensed CC BY-NC-ND 2.0.