a meeting where some people discuss and make decisions together.
Source:
Benzinga
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Read from source...
UNA caked-up-excuse-for-morality. Article commented on by s1mpl3Bh0y, Globethief and others.
This is a short article based on a paper by James R. Acheson, "Capturing the commons: resource property and community governance in Japan and New England" published in The Journal of Legal Studies, Vol. 9, No. 3. (Jun., 1980), pp. 363-394. The paper discusses two cases of resource management, one in Japan and the other in New England, and compares them. The main conclusion of the paper is that the community managed commons work better than the state-managed ones.
Acheson's paper focuses on the Japanese fishing industry and the lobster fishing industry in New England. In Japan, the fishing industry is highly regulated by the state. In New England, the lobster fishing industry is managed by the local community. Acheson found that in Japan, the state regulations were ineffective and led to overfishing. In New England, the community-based management was effective in preventing overfishing.
Acheson argues that community-based management works better because the community members have a stronger stake in the resource. They are more likely to conserve the resource because they depend on it for their livelihood. In contrast, the state-managed resources are more likely to be exploited because the state officials do not have a direct stake in the resource.
The paper also highlights the importance of social capital in managing the commons. In the Japanese fishing industry, the social capital was weak because the fishermen were divided into different groups, each with its own set of rules. In the New England lobster fishing industry, the social capital was strong because the fishermen shared a common identity and had a strong sense of community.
In conclusion, Acheson's paper suggests that community-based management of the commons is more effective than state-based management. This is because the community members have a stronger stake in the resource and are more likely to conserve it. The paper also emphasizes the importance of social capital in managing the commons.
Bullish
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