RT Journal Article
T1 On “commons” and New Institutional Economics: A “precursor” revisited - Jens Warming (1873-1939)
A1 Pacheco Coelho, Manuel
AB In his seminal paper, Gordon (1954) argued that, in a situation of open access and competition, the market would not lead to the most efficient solution in resource use. Almost four decades earlier, in 1911, a Danish economist, Jens Warming, put this issue and made a very similar analysis for the fisheries sector.The purpose of this research is to make a reflection on that paper and highlight the proposed explanation for the common property problem. This paper studies the legacy of this interesting fisheries economist to the history of economic thought and put in evidence its role as a “precursor” in important topics of investigation of the New Institutional Economics. This research also ask what went wrong and why did the important achievements of Warming’s research had not the justified academic applause and practical impact.
PB Universidad Complutense de Madrid
SN 2386-5768
YR 2016
FD 2016
LK https://hdl.handle.net/20.500.14352/23524
UL https://hdl.handle.net/20.500.14352/23524
LA eng
DS Docta Complutense
RD 4 abr 2025