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Vernon's piece is excellent, on the money. I am in a similar situation to some extent. I am teaching environmental economics this semester and am in the middle of discussing problems of managing forests and fisheries. While I do not have the students actually reading her work, I had mentioned her Governing the Commons when making clear that it is governance mechanisms of access control that are key, not the label that one puts on property rights per se. I was further discussing these matters today in conncetion specifically with forests and fisheries and was pleased to be able to tell the students at some length about Elinor Ostrom's work and how relevant it is to dealing with these very important problems in a constructive way.

Also see Mario Rizzo's discussion at ThinkMarkets ---http://thinkmarkets.wordpress.com/2009/10/13/elinor-ostrom-and-the-relevance-of-economics/

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