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Ostrom’s research, however, by carefully modeling the way people actually behave, found that people can in fact be quite ingenious at figuring out how to deal with the conflicts of interest that the conventional thinking had believed always led to over-exploitation of natural resources. the implications of her work are quite startling. Sometimes the best solution to natural resource problems is neither privatization nor government regulation, but rather letting those involved work out their own solution.

See, for example, Marx (n. d). However, I have yet to be able to find it in an original source. 10 Smith (1937, page 3). If you are looking for the quote in an ebook version of this source, it is located at the beginning of Book I, Chapter 1. 11 The quote is from the Nobel Prize winning economist Paul Krugman. See Krugman (2010, June 12). 12 This famous quote is from President Kennedy’s inaugural address. See Kennedy (1961). 4 What’s the Question? 41 NUMERICAL DATA QUESTIONS Many economic questions involve, or ask for, numerical data.

See Claude Lévi-Strauss (2010) for an introduction to his life and work as well as links to further details. Chapter 2 What’s the Question? 31 of marketing plan. Or it could be that your company is in a fierce fight with a competitor, and that this new product is simply an attempt to open up another front in the competition and thereby make it harder for the competitor to function. That would lead to still another type of marketing plan. So, even if the task was given to you, it is important to ask why the task is important.

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