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

Daniela Penkova ()
Additional contact information
Daniela Penkova: University of Economics, Varna, Bulgaria

Nauchni trudove, 2024, issue 4, 191–203

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.

Keywords: natural resources; environment; Garrett Hardin; commons; property rights; sustainability; overconsumption (search for similar items in EconPapers)
JEL-codes: O13 Q54 Q56 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://unwe-research-papers.org/bg/journalissues/article/11598 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2024:i:4:p:191-203

Access Statistics for this article

More articles in Nauchni trudove from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().