Difference between revisions of "Tragedy Of The Commons"
From Critiques Of Libertarianism
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[[Category:Market Failure]] | [[Category:Market Failure]] | ||
[[Category:The Commons]] | [[Category:The Commons]] | ||
| − | {{DES | des = The tragedy of the commons is an economic theory of a situation within a shared-resource system where individual users acting independently and rationally according to their own self-interest behave contrary to the common good of all users by depleting that resource. But there is only a tragedy of an UNREGULATED commons, as history has shown. Regulation is an obvious workable solution. | show=}} | + | {{DES | des = The tragedy of the commons is an economic theory of a situation within a shared-resource system where individual users acting independently and rationally according to their own self-interest behave contrary to the common good of all users by depleting that resource. In other words, due to capitalist greed. But there is only a tragedy of an UNREGULATED commons, as history has shown. Regulation is an obvious workable solution. | show=}} |
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Libertarians frequently claim that the problem can be solved by privatization with clear property title. But removing property from the commons has its own problems; moral, philosophical and economic. See also the [[Tragedy Of The Anticommons]]. | Libertarians frequently claim that the problem can be solved by privatization with clear property title. But removing property from the commons has its own problems; moral, philosophical and economic. See also the [[Tragedy Of The Anticommons]]. | ||
