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Tragedy of the Commons, Business Growth and the Fundamental Sustainability Problem

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dc.contributor.author Garrity, Edward J.
dc.date.accessioned 2012-12-07T19:41:01Z
dc.date.available 2012-12-07T19:41:01Z
dc.date.issued 2012 en_US
dc.identifier.uri http://hdl.handle.net/10535/8594
dc.description.abstract "This paper reviews the major issues involved in Hardin’s tragedy of the commons, written over 44 years ago, and examines whether these issues are still relevant today. We assert that this model still provides important insight to aid in the solution to our global problems. In particular, we maintain that the underlying issues of growth against limits and bounded rationality are still not adequately recognized and addressed; this underlies many of the reasons for our unsustainable world. Examples from fisheries management are used to examine potential solutions and reveal weaknesses in current approaches. We show how our current, restricted mental models promote social injustice and blind us to developing sustainable solutions. Both the neo-liberal economic view of business that directly seeks growth and the new sustainable development view that indirectly supports growth are leading our global economy in the wrong direction and away from prosperity and sustainability. Current thinking has not realized Hardin’s message that sustainability is of the class of no technology solution problems. We conclude with recommendations to radically advance a new world view and business paradigm." en_US
dc.language English en_US
dc.subject bounded rationality en_US
dc.subject common pool resources en_US
dc.subject sustainability en_US
dc.subject tragedy of the commons en_US
dc.subject justice en_US
dc.title Tragedy of the Commons, Business Growth and the Fundamental Sustainability Problem en_US
dc.type Journal Article en_US
dc.type.published published en_US
dc.type.methodology Case Study en_US
dc.subject.sector Theory en_US
dc.identifier.citationjournal Sustainability en_US
dc.identifier.citationvolume 4 en_US
dc.identifier.citationpages 2243-2471 en_US

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