Companies have a lot of power in modern society; some worry they have too much. It’s definitely concerning when Boeing gets to assure a federal regulator that its planes are safe, and when Facebook is allowed to determine entirely on its own how people may act on its site. About 10 years ago, Indiana University political economist Elinor Ostrom became the first – and still only – woman to earn a Nobel Prize in Economic Sciences for studying corporate self-regulation.

Today, Indiana University professor Scott Shackelford, director of the Ostrom Workshop Program on Cybersecurity and Internet Governance, explains what the late scholar’s work is about, and how it offers both hope and caution for self-regulation in the digital age.

Also today we have stories on how a slowing economy could derail Trump’s trade wars, what the ban on editing the genes of human embryos means for family planning and what the 25th Amendment is really for.

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Managing a shared resource doesn’t have to involve fences. Caroline Ryan

Companies’ self-regulation doesn’t have to be bad for the public

Scott Shackelford, Indiana University

A Nobel Prize-winning political economist found a way to promote good governance and protect users without the need for heavy-handed government regulation.

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