The Lofoten fishery has become a paradigmatic case of co-management. In lig
ht of the recent changes in the regulatory system in Lofoten, this paper ta
kes a new look at the management institution in the Lofoten fishery. Our ma
in interest lies not in empirical observation, however, but in the use to w
hich the Lofoten case has been put in the co-management tradition. In what
sense does the Lofoten fishery represent a co-management system? What is "c
o-managed" in Lofoten? We argue that co-management in Lofoten is more about
fishing space than fish stocks. Furthermore, we argue that the misreading
of the Lofoten case reflects a more general weakness of the co-management l
iterature by not taking seriously the inherent problems of fisheries resour
ce management.