Discuss What Is Meant by the "Tragedy of the Commons

question 36

Essay

Discuss what is meant by the "tragedy of the commons." What is one of the criticisms of this perspective? Discuss the difference between "common property" versus "open access" regimes.

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Definitions:

Justice Approach

A way to base decisions on the basis of fairness

Ethical Decision-Making

The procedure of scrutinizing and opting for alternatives that adhere to principles of ethics.

Rights Approach

A decision-making method based on using moral principles that least infringe on the entitlements of others.

Moral Principles

Fundamental beliefs about what is right and wrong that guide an individual's behavior and decision-making.