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Lars P. Syll — Esther Duflo vs Elinor Ostrom

Summary:
Agnès Labrouse quote.  The most revelant sentence:  While Duflo and Banerjee are in line with a technocratic democracy, the Ostroms sustain a Tocquevillean democratic self-governance. For the latter, institutions emanating from democratic processes, far from being straitjackets, are the core of economic processes. They simultaneously constraint and enable human action. Paternalism versus democracy.  That's pretty much the "compassionate conservative," liberal divide. Lars P. Syll’s BlogEsther Duflo vs Elinor OstromLars P. Syll | Professor, Malmo University

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Agnès Labrouse quote. 

The most revelant sentence: 
While Duflo and Banerjee are in line with a technocratic democracy, the Ostroms sustain a Tocquevillean democratic self-governance. For the latter, institutions emanating from democratic processes, far from being straitjackets, are the core of economic processes. They simultaneously constraint and enable human action.
Paternalism versus democracy.  That's pretty much the "compassionate conservative," liberal divide.

Lars P. Syll’s Blog
Esther Duflo vs Elinor Ostrom
Lars P. Syll | Professor, Malmo University
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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