Rationality and complexity in the work of Elinor Ostrom

Abstract

What role does the theory of rational choice play in the scientific evolution of the work of Elinor Ostrom? Ostrom accepts, rejects, and makes critical improvements to the prior achievements of the theory of rational choice, in the pursuit of a “creative synthesis.” She proposes that this theory can be used i) to study not only competitive situations involving the exchange of private goods, but also social dilemmas; ii) to construct a syntax and grammar of institutions; iii) to develop a broader concept of rationality; and iv) to integrate this theory into a realistic concept of individuals and social structures.