Comment by danharaj
8 years ago
The tragedy of the commons is another name for the failure of private property and markets to account for externalities. For a real theory of the commons without leaving mainstream economics cf. Mary Ostrom's Governing the Commons. Otherwise, all of anthropology.
Elinor Ostrom.
Nice podcast on some of these things: http://www.econtalk.org/archives/2009/11/boettke_on_elin.htm...
Thanks for catching that. Must have amalgamated two economists in my head.