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2023 | OriginalPaper | Chapter

Economics and the Commons: History, Tragedies, and Some Exercises

Author : Luigino Bruni

Published in: Rethinking Economics Starting from the Commons

Publisher: Springer International Publishing

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Abstract

Economic science has traditionally neglected the topic of commons mainly due to its individualist methodological framework. Commons are goods (such as the environment or the condominium staircase) consumed simultaneously by several people and where one person’s consumption reduces the consumption of another. When commons are present, the so-called “tragedy of the commons,” highlighted by biologist Hardin in 1968, could occur. The article is a brief history of the idea of commons in economics and proposes some hypotheses for solving the commons problem.

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Coman K (1911) Some unsettled questions of irrigation. Am Econ Rev 1(1):1–19

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Loria A (1909) La sintesi economica. F.lli Bocca, Turin

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Sen A (2010) Sustainable development and responsibility. Il Mulino, 4/2010, pp 554–566

Title: Economics and the Commons: History, Tragedies, and Some Exercises
Author: Luigino Bruni
Publisher: Springer International Publishing
Book: Rethinking Economics Starting from the Commons
Print ISBN: 978-3-031-23323-4

Electronic ISBN: 978-3-031-23324-1

Copyright Year: 2023
DOI: https://doi.org/10.1007/978-3-031-23324-1_1