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The Tragedy of the Commons or the Tragedy of Misinterpretation in Economics?

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dc.contributor.author Aguilera-Klink, Fredrico en_US
dc.date.accessioned 2009-07-31T14:44:40Z
dc.date.available 2009-07-31T14:44:40Z
dc.date.issued 1991 en_US
dc.date.submitted 2008-10-30 en_US
dc.date.submitted 2008-10-30 en_US
dc.identifier.uri https://hdl.handle.net/10535/2347
dc.description.abstract "This paper aims to provide a reflection, from an economist's perspective, on some vital conceptual aspects of the subject of common property resources. Specifically, it aims to show how management of the commons is transformed into the problem of the commons, following the works on fishing by Gordon and Scott, eventually becoming the tragedy of the commons thanks to Hardin. "This approach, in my view, confuses a problem, such as lack of agreement between users of a resource, with a concept (common property in the sense of a social institution) which for centuries has facilitated sustainable management of resources and ecosystems. Paradoxically, this confusion has persisted due to an interpretation of the work of Adam Smith which may be viewed as biased and erroneous since it underestimates the important role which Smith confers on ethics. "I conclude by pointing out that management of natural resources, which requires user agreement, is a situation which, objectively at any rate, cannot be given the name common property. Nevertheless, given that the concept of common property is highly valuable in facilitating a solution to the aforementioned problem, it is suggested that its application is crucial to man's survival." en_US
dc.subject tragedy of the commons--debate en_US
dc.subject common pool resources en_US
dc.subject IASC en_US
dc.title The Tragedy of the Commons or the Tragedy of Misinterpretation in Economics? en_US
dc.type Conference Paper en_US
dc.type.published unpublished en_US
dc.subject.sector Theory en_US
dc.identifier.citationconference Common Property Conference, the Second Biennial Conference of the International Association for the Study of Common Property en_US
dc.identifier.citationconfdates September 26-30, 1991 en_US
dc.identifier.citationconfloc Winnipeg, Manitoba en_US

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