Environmental regulations are intended to minimize human impact on nature. But we must transform nature into the values that sustain
Tag: commons
The Rule of Capture
In Texas, ownership of subsurface resources, such as oil and water, is governed by the “rule of capture.” If an
The Gridlock Economy
In The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives, Michael Heller argues that Private
The Tragedy of the “Commons,” Part 2
In Part 1, we examined the tragedy of the “commons.” In that post, the argument for government regulation was presented.
The Tragedy of the “Commons,” Part 1
In 1968, Garrett Hardin wrote a highly influential article titled “The Tragedy of the Commons,” in which he examined the