Tragedy of the Commons

Bone Wars: The Cope-Marsh Rivalry

tlwagner — Tue, 24 Sep 2019 19:03:52 +0000

Bone Wars: The Cope-Marsh Rivalry

The rivalry between brilliant paleontologists Edward Drinker Cope and Othniel Charles Marsh dominated American science during the second half of the 19th century. Read more

Cyanide: an easy but deadly way to catch fish

tlwagner — Wed, 19 Jun 2019 20:31:02 +0000

Cyanide: an easy but deadly way to catch fish

Catching live fish using cyanide is easy. Crush a couple of sodium cyanide tablets into a squeegee bottle of water, dive around a coral reef, find a fish you fancy, and squirt the toxic liquid into its face. The mixture stuns the fish without killing it, making it easy to catch in a net, or even by hand. Read more

The Tragedy of The Commons

tlwagner — Wed, 15 May 2019 19:24:32 +0000

The Tragedy of The Commons

In this video, we take a look at common goods. Common resources are nonexcludable but rival. For instance, no one can be excluded from fishing for tuna, but they are rival — for every tuna caught, there is one less for everyone else. Nonexcludable but rival resources often lead to what we call a “tragedy of the commons.” Read more

Tragedy of The Commons - Learn Liberty

tlwagner — Wed, 15 May 2019 19:23:02 +0000

Tragedy of The Commons - Learn Liberty

As Prof. Sean Mulholland at Stonehill College explains, the 'tragedy of the commons' occurs when individuals acting independently end up depleting shared resources, such as fisheries or pastureland. Read more