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Intro Econ 4: Scarcity & Pistachios

Planet Money Summer School

CHAPTER

Eleanor Ostrom and the Tragedy of the Commons

The tragedy of the commons is a theory about how people can work together. But there are limitations to this, right? We sort of know now that there are limits to when communities can actually work out a solution. So it does come down to their needing to be something that is policy-like.

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