Environmental & Resource Economics
Pricing what markets ignore.
8 topics · 2 curated works
Topics
Curated reading
2Start here
No prior grounding assumed.
- EssayThe Tragedy of the CommonsGarrett Hardin, 1968· 6 pages
Individually rational use of a shared resource destroys it — an argument later substantially qualified by Ostrom's fieldwork.
Go deeper
Primary sources and full treatments.
- BookGoverning the CommonsElinor Ostrom, 1990
Documents real communities that manage shared resources sustainably without privatisation or state control, and extracts the design principles.
Also covered elsewhere
This subject genuinely sits in more than one domain. These fields approach the same ground with different methods.