Tragedy of the Commons

	Reference/Meaning	Formula
#1	Any resource free for all to use is invariably downgraded or even destroyed by individuals acting independently in pursuit of their own interest.
#2	A powerful social force that helps move a society's politics from the individualist ethos to the rationalist stage.	PH'6C-φ3

Glossary Index

Last updated: 15-Jan-2014

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