Overconsumption of Resources and Garrett Hardin's „The Tragedy of the Commons“

Authors

  • Daniela Penkova, PhD Student Department of General Economic Theory, Faculty of Fince and Accounting, University of Economics – Varna Author

DOI:

https://doi.org/https://doi.org/10.37075/RP.2024.4.14

Keywords:

Environment, Property rights, Garrett hardin, Commons, Natural resources, Sustainability, Overconsumption
O13, Q54, Q56

Abstract

In the face of global environmental crises, the overconsumption of natural resources is one of the major economic challenges of the 21st century. Garrett Hardin is known for his essay “The Tragedy of the Commons”, which warns us about the damage that the rational individuals inevitably cause to the environment if the natural resources are commons. The purpose of this paper is to analyze his arguments. The thesis is that the premises of his theory and the examples he cites do not prove the „tragedy of the commons“ and the need to privatize or nationalize them.

References

James M. and Buchanan and first (1965). An Economic Theory of Clubs. Economica, 32(125), 1-14. DOI: https://doi.org/10.2307/2552442

H Charlotte (2007). Understanding knowledge as a commons from theory to practice. The MIT Press. URL: http://diglib.globalcollege.edu.et:8080/xmlui/bitstream/handle/123456789/1577/08744.pdf?sequence=1&isAllowed=y (accessed n.d.)

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Published

2024-12-19

Issue

No. 4 (2024)

Section

Articles

License

Copyright (c) 2024 Daniela Penkova (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Penkova, D. (2024). Overconsumption of Resources and Garrett Hardin’s „The Tragedy of the Commons“. Research Papers, 4, 191-203. https://doi.org/https://doi.org/10.37075/RP.2024.4.14