The Ostrom Nobel/NotHayekian
From Critiques Of Libertarianism
Lin [Elinor Ostrom] is emphatically clear on a number of key points:
These are not, as I understand Hayek, Hayekian claims.
- Self interested behaviour in perfect markets can be highly destructive.
- Appropriate norms and rules will not rely on pure self interest, but instead build on the capacity of (many) actors for conditional cooperation and reciprocity.
- Norms rely on collectively mandated sanctioning mechanisms if they are to work properly.
Henry Farrell, "The Ostrom Nobel"