Governing the Commons: The Evolution of Institutions for Collective Action (Political Economy of Institutions and Decisions)
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Governing the Commons: The Evolution of Institutions for Collective Action (Political Economy of Institutions and Decisions)
And the fast-growing digital commons are stewarded collaboratively online, co-creating open-source software, social networks, information and knowledge.
Kate Raworth • Doughnut Economics: The must-read book that redefines economics for a world in crisis
THE TRAP: TRAGEDY OF THE COMMONS When there is a commonly shared resource, every user benefits directly from its use, but shares the costs of its abuse with everyone else. Therefore, there is very weak feedback from the condition of the resource to the decisions of the resource users. The consequence is overuse of the resource, eroding it until it
... See moreDonella H. Meadows • Thinking in Systems: International Bestseller
Mattei’s point ties in with the history of the commons, from Garrett Hardin’s famous article on The Tragedy of the Commons, often taken to be a rallying cry for privatisation (or, though it is rarely mentioned, for total government control), to its refutation by Elinor Ostrom (Mattei points out that Friedrich Engels had already demonstrated the fal... See more