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The Tragedy of the Commons

5 pointsby b-manabout 15 years ago

1 comment

_deliriumabout 15 years ago
Some more recent work questions whether there was ever an actual "tragedy" of the commons, in an empirical sense of having happened in reality, as opposed to as a game-theory thought experiment. The 2009 Nobel Prize in Economics went to Elinor Ostrom's contrary work on the subject, e.g.: <a href="http://www.amazon.com/Governing-Commons-Evolution-Institutions-Collective/dp/0521405998" rel="nofollow">http://www.amazon.com/Governing-Commons-Evolution-Institutio...</a>