In economics, the tragedy of the commons is the depletion of a shared resource by individuals, acting independently and rationally according to each one's self-interest, despite their understanding that depleting the common resource is contrary to their long-term best interests. In 1968, ecologist Garrett Hardin explored this social dilemma in "The Tragedy of the Commons", published in the journal Science.
Read more about Tragedy Of The Commons: Theories and Examples, The Commons Dilemma, Related Outcomes
Famous quotes containing the words tragedy and/or commons:
“The English masses are lovable: they are kind, decent, tolerant, practical and not stupid. The tragedy is that there are too many of them, and that they are aimless, having outgrown the servile functions for which they were encouraged to multiply. One day these huge crowds will have to seize power because there will be nothing else for them to do, and yet they neither demand power nor are ready to make use of it; they will learn only to be bored in a new way.”
—Cyril Connolly (1903–1974)
“I am really sorry to see my countrymen trouble themselves about politics. If men were wise, the most arbitrary princes could not hurt them. If they are not wise, the freest government is compelled to be a tyranny. Princes appear to me to be fools. Houses of Commons & Houses of Lords appear to me to be fools; they seem to me to be something else besides human life.”
—William Blake (1757–1827)