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- [man] We've been on set.
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- [Tyler] But this is
already improvised so...
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♪ [music] ♪
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- [Female narrator] Economists,
not a group with a lot of Marys,
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Natashas or Juanitas, and that's
caused a lot of controversy.
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However, what's often overlooked
are the actual female economists
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who are pushing economics forward
by addressing real world issues.
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Welcome to "Women In Economics."
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- [man] There's certain norms
about you use social methods, right?
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That's you.
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- [Tyler] Yeah.
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Let's try a little bit on that.
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- [assistant] Ostrom, take 2, marker.
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- So when I talk about economics
based on the cooperation
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of a local community,
some people's minds might
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instantly jump to...
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But no, Elinor Ostrom
wasn't a socialist.
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Born in Los Angeles, and a child
of the Great Depression era,
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Ostrom's childhood was colored
by digging a wartime
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victory vegetable garden
knitting scarves for the troops,
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and buying her clothes
in a charity store.
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From an early age,
the principles of cooperation
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and also resource conservation.
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They were ingrained deeply
in her view of the world.
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I had to learn very early
how to work hard
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and be independent,
so it's no surprise that what's
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arguably her greatest
accomplishments in economics --
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they have to do
with disproving the consensus
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and what's been known
as the "tragedy of the commons."
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But hold on.
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What is the tragedy of the commons?
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Economists widely assumed
that the common ownership
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of important resources would result
in excessive exploitation.
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- [Elinor] People using a pasture
or a lake or something --
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they're helplessly trapped
into trying to get
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as much as they can for themselves.
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- Imagine fishermen overfishing
a common pond
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because each fisherman
is afraid the others will
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pull out the fish first.
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So they all take
out fish very rapidly.
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The next thing you know,
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there won't be any fish left
in the pond.
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She didn't take that consensus
as a given.
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- Her history made her used
to being a contrarian.
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- [Elinor] So in the early years,
I think being a woman was
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a big handicap.
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Getting into graduate school
was a challenge.
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My mother wasn't even enthusiastic
about my going to college.
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Where it was you'll never be able
to teach in a major university.
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You just can't get a job...
dada, dada, da,
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- In other words, she had
to recognize repeatedly
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that what the establishment
was saying wasn't always right.
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- [Elinor] But I just got
fascinated with what I was doing,
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and so being a stubborn
son-of-a-gun, I just kept going.
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- So she approached tragedy
of the commons problem
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in a quite different way.
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Rather than just
the typical theorizing found
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in economics texts at the time,
she took a case study approach.
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She got out of the office,
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and she talked
to people on the ground.
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She traveled to investigate communal
irrigation systems in Spain,
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forests in Nepal
and mountain villages in Japan.
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- We found all sorts of patterns
out there in the world.
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People self-organize
common property institutions
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of a wide diversity of kind
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and sometimes
solve problems very well.
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- She inserted herself
into communities,
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and she collaborated
with other disciplines,
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not just economics,
but also ecology,
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computer science and psychology.
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All of that informed her research
and her findings.
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Ostrom's key insight was
to point out that very often,
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at least under
the right circumstances,
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these tragedy of the commons
problems can be solved,
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especially they can be solved
by small groups.
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- And empirical work has shown,
people have found ways
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of agreeing on their own rules
and extracting themselves
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from the problem.