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Neoliberalism, with its emphasis on privatization and marketization, is becoming a dominant mode of ocean governance. In this paper I show that neoliberalism in ocean fisheries has a specific form and history based on the ways that, for the last 50 years, regulation debates have centered on the question of the commons. Focus on the role of the commons in problems such as overfishing and overcapacity has contributed to convergence of different viewpoints around neoliberal, market-oriented approaches that try to harness the profit motive to conservation and economic efficiency. I trace the idea of property rights in fisheries from the point in the 1950s when economists first identified the commons as the underlying cause of fisheries problems, through extended political jurisdiction, to recent emphasis on the benefits of common property. Despite their differences, proponents of these different viewpoints all take …