Sign In
Not register? Register Now!
Pages:
3 pages/≈825 words
Sources:
5 Sources
Level:
APA
Subject:
Mathematics & Economics
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 15.55
Topic:

The Tragedy of the Commons (Research Paper Sample)

Instructions:

It's about the tragedy of the commons

source..
Content:


The Tragedy of the Commons
Student Name
Professor Name
Institution Affiliation
Date
The Tragedy of the commons
Introduction
Tragedy of the commons is a circumstance or a situation in which individuals use extensively a common resource (shared resource) in their own interest without considering how it will affect other people and the environment. By so doing, the resource is depleted. William Forster Lloyd- a British writer, was the 1st person to objectify this supposition in 1833. In 1968, Garrett Hardin, a highly educated scientist, dispensed an enthralling formulation of the population problem. Hardin presented the problem with stark terms. He 1st looked at the population in relation to resources, and drafted a conclusion that the population must be under control. He analyzed the dynamics that contribute to overpopulation and gave possible solutions to his analysis.
Hardin dismissed unrealistic hope that ameliorate food production technology will enable an indefinite population increase. “A finite world can support only finite population” To be more specific, it’s not realistic to provide growth in both population and have a quality life. Mathematically, it’s not possible to maximize the two factors at the same time. Biologically, there must be a decrease in calories available in an individual for the population to increase. He did away with Jeremy Bentham’s theory of “The greatest good for the greatest number,” with he stated that, “the optimum population is, then, less than the maximum.” His logic was that, to increase population, there is a need to increase the living standard (consumption). (Hardin (1968).
It’s difficult to choose the limit population and between which goods to go far. We behave like individual choices

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Long Run Equilibrium with Full Employment
    Description: It occurs when marginal costs equal marginal revenue, which is equal also to total average costs. The time period when there are no production fixed variables, is known as the long-run. Demand and supply define all this....
    2 pages/≈550 words| 4 Sources | APA | Mathematics & Economics | Research Paper |
  • The role of contagion in solving sovereign Debt Crisis Economics Paper
    Description: The European community faced a trail of the economic and sovereign debt crisis from the 2007 to 2008 global financial crisis. Most countries had been experiencing healthy economies before the 2007 to 2008 debt crisis. Public debt had been reasonably growing, financial shortages were very little...
    12 pages/≈3300 words| 5 Sources | APA | Mathematics & Economics | Research Paper |
  • Country Risk Analysis Mathematics & Economics Research Paper
    Description: This report will examine political risk in the state of Libya. Libya is a North African country. Political risk involves government corruption, bureaucracy, wars, civil unrest, government attitude to foreign direct investment and multinational corporations, blockage of funds transfers from the country...
    11 pages/≈3025 words| 17 Sources | APA | Mathematics & Economics | Research Paper |
Need a Custom Essay Written?
First time 15% Discount!