Which Traditional Society manages resources bellin under what circumstances as we are doing today. To sum up a less work for for which a nobel prize and one or two sentences. Traditional societies were much more likely to take good care of their resources under two conditions. First they could exclude outsiders to be the only ones themselves utilizing resources. If they had confidence, they would pass on resources to the children. To pass on the fishery, land and if they were sure they would keep outsiders out committed to take good care of their resources, where if they could exclude outsiders, they could pass on resources to their kid. Somebody else is going to chop the street sound, so am i. So do it ourselves. That seems like a good note on which to add. [applause] each next on booktv, analyst, step two, James Johnson and edward muir talk about the immediate and longterm impact of the prince. It is about an hour and a half. Host good evening, ladies and gentlemen. Welcome to an eve
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