Raj Patel, author of *The Value of Nothing*, critiques the free market's impact on freedom and resource management. He argues that prices often mislead us, revealing "hidden costs" that distort

Raj Patel, author of *The Value of Nothing*, critiques the free market's impact on freedom and resource management. He argues that prices often mislead us, revealing "hidden costs" that distort true value. For instance, a hamburger's real price could be $200 when factoring in environmental and health expenses.

Patel, an activist and academic, suggests Nobel laureate Elinor Ostrom's concept of collaborative governance, known as "the commons," offers a better alternative for resource management than the current free market system. Visit Raj Patel's website: rajpatel.org.

Elinor Ostrom's Stockholm whiteboard seminar explores sustainable natural resource management. She explains how diverse global contexts allow communities to effectively utilize resources without

Elinor Ostrom's Stockholm whiteboard seminar explores sustainable natural resource management. She explains how diverse global contexts allow communities to effectively utilize resources without depletion.

This seminar was uploaded on April 3, 2009.

Nobel Prize winner in Economics, Elinor Ostrom. She worries about the news and text books promoting one way solutions to complex issues. There is not one way, no one recipe. She is the Arthur F.

Nobel Prize winner in Economics, Elinor Ostrom. She worries about the news and text books promoting one way solutions to complex issues. There is not one way, no one recipe. She is the Arthur F. Bentley Professor of Political Science at Indiana University.