Home Environment

Tragedy of the commons

by Learn Liberty

People living together must find some way to preserve common resources. Unfortunately, there are strong incentives for people to exploit these resources when they are held in common by everyone. As Prof. Sean Mulholland at Stonehill College explains, the 'tragedy of the commons' occurs when individuals acting independently end up depleting shared resources, such as fisheries or pastureland. Prof. Mullholland discusses two potential solutions to this problem: public ownership, where the property is owned and administered by the government, and private ownership. He discusses the strengths and weaknesses to each approach and some key considerations for determining which institutions best protect useful resources.

You might be interested in . . .

Have questions? Get answers!



You can make use of the following text and video to expand your knowledge and understanding of the topic covered in this unit.

Anarchy And “The Problem Of The Commons”

Can One Person Save An Endangered Species?


Environmental Protection Without The State

Environmentalism, Feminism, And Tyranny

Green Rising: The Dangers Of Political Environmentalism

How Dirty Laws Trash The Environment

Law, Property Rights, And Air Pollution

Recycle Smarter Than A Third Grader!

The Case Against Global Warming

The Sacred Green Cow

Tragedy Of The Commons

The World’s Biggest Oxymoron

Why You Should Love Fossil Fuel

Did you know that the creator of freeblr is on Minds?