Epistemological break in political economy

Erik Nordman discusses his new book, which details the intellectual legacy of Elinor Ostrom and her contributions to the management of natural resources.

Will F.A Hayek’s vision of a denationalised monetary system come to fruition in the era of Web 3.0? In this online essay, Adam Tebble explores the implications of cryptocurrencies and smart contracts for global governance and the philosophical debate between markets and states.

Economists like to classify goods as private or public. Using insights from Elinor Ostrom’s research, Veeshan Rayamajhee and Pablo Paniagua argue that we can’t make these classifications without looking at the context.

What Elinor Ostrom Can Tell Us About Housing and Land Use Governance The UK and many other Western countries have …

It is easy to reduce the experience of this pandemic to a story about top-level decision-making, interactions on the international stage, and the ballooning of state power. But to do so is to miss the other half of the story. For distancing and self-isolation policies to work, they have had to be enacted and reinforced at the scale of neighbourhoods – or even households.

Could UBI be a partial solution to the financial problems introduced by the novel coronavirus? Otto Lehto argues that we should implement UBI as a permanent reform of the welfare system rather than as a temporary emergency measure with a sunset clause.

Sophia Ostler takes us into her fieldwork research on the governance of the Colombian drug trade, illuminating the role of extra-legal governance in supporting the trade, the importance of women in the coca-leaf economy, and the bountiful insights that qualitative research brings to economics.