How Economists Tricked Us Into Thinking Capitalism Works

By: Robert R. Raymond  Posted on

 

In fact, the political economist Eleanor Ostrom actually won the Nobel Prize in Economics in 2009 for disproving the long-held belief known as the “tragedy of the commons,” a theory which held that resources held in common by communities would naturally be overused and depleted. Ostrom’s work demonstrated that this assumption is false, and that it is in fact very possible for resources to be managed collectively without privatization.

https://truthout.org/articles/how-economists-tricked-us-into-thinking-capitalism-works/