This is a discussion assignment so please do not plagarise and I have also attached the pdf of my textbook and the pdf of Hardin’s 1968 article. This assignment is based on chapter 1 of textbook and the article.
The Tragedy of the Commons is an idea that was first elucidated in Hardin’s 1968 article published in Science. In a nutshell, the idea of the tragedy of the commons is that when left unregulated, common, shared resources will be exploited for maximum profit by the individual (whether that is a corporation, small business, or individual).
Review Hardin’s article. What resources today are shared resources that may be a “tragedy of the commons”? What roles do individuals, governments, or businesses play in mitigating the exploitation of shared resources?
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