Difference between revisions of "Tragedy Of The Commons"

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[[Category:Capitalism]]
 
[[Category:Capitalism]]
 
[[Category:Market Failure]]
 
[[Category:Market Failure]]
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[[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.  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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Revision as of 17:50, 19 October 2017