The Great Antidote cover image

David Henderson on Economists’ Nobels, Obituaries, and More

The Great Antidote

CHAPTER

The Tragedy of the Commons

The tragedy of the commons is you can get a valuable resource, but because no one owns it, people have very little incentive to save her for the future. John MacIntosh: This guy actually predicted it. He thought it could work. And by the way, this textbook in which he talked about this, I don't know if I have it handy, it was written in the 1960s.MacIntosh: The next one on my list? A woman named Eleanor Ostrom who won the Nobel Prize last year.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner