Elinor Ostrom, the only woman ever to win an economics Nobel, died today at age 78.
She was famous for challenging an idea known as the tragedy of the commons — the theory that, in the absence of government intervention, people will inevitably overuse a shared resource.
So, for example, if a village shares a pasture, it's in the individual interest of each farmer to graze his cattle as much as possible on the pasture even though, in the long run, overgrazing may ruin the pasture for everyone.
Heavy firefighting air tankers are one of the most visible resources being used to fight the High Park Fire. The cost to fly and maintain the large aircraft is not cheap, and will continue to increase as the fire remains relatively uncontained.
Originally published on Tue June 12, 2012 11:54 am
Credit Justin Sullivan / Getty Images
Verizon Wireless announced on Tuesday what it is calling a "groundbreaking" pricing scheme that will "forever change the way customers purchase wireless services."
Essentially what the new plans — dubbed "Share Everything" by the company — are aiming for is to allow customers to use one bucket of data access to power up to 10 of their devices. The pricing starts at $90 a month, which allows for one smartphone with unlimited voice and text and access to 1 gigabyte of data.