Tragedy of the Commons

(My fitblr is, the link is above, I cant follow you with that blog :( )

The tragedy of the commons is a dilemma arising from the situation in which multiple individuals, acting independently and rationally consulting their own self-interest, will ultimately deplete a shared limited resource even when it is clear that it is not in anyone's long-term interest for this to happen.

Follow along as we delve into the 'politiqueria' of this world and how we will slowly but surely deplete this worlds share limited intelligence.

For those curious, I am a trained Economist so if you ever wonder if my economic analyses are far-off, just consult John Maynard Keynes and everything will be illuminated.


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Posts tagged "politics"

LAST October, I won the Nobel Prize in economics for my work on unemployment and the labor market. But I am unqualified to serve on the board of the Federal Reserve — at least according to the Republican senators who have blocked my nomination. How can this be?