Institute: Tragedy of the Commons

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David Schmidtz

published articles:2

Tragedy of the Commons
[12.03.2012, David Schmidtz, CONSERVATIVE LETTERS]

Today the word ‘tragedy’ is used to refer generically to anything really bad. The word has an older meaning, though, referring to literary works that depict a protagonist caught up in events inexorably leading to his or her doom. Some of that older meaning is implicit in the logic of what we now call the tragedy of the commons.
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