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Toward a Political Economy of the Commons

Author

Listed:
  • Meina Cai
  • Ilia Murtazashvili
  • Jennifer Brick Murtazashvili
  • Raufhon Salahodjaev

Abstract

Since Garrett Hardin published The Tragedy of the Commons in 1968, critics have argued that population growth and capitalism contribute to overuse of natural resources and degradation of the global environment. They propose coercive, state-centric solutions. This book offers an alternative view. Employing insights from new institutional economics, the authors argue that property rights, competitive markets, polycentric political institutions, and social institutions such as trust, patience and individualism enable society to conserve natural resources and mitigate harms to the global environment.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Meina Cai & Ilia Murtazashvili & Jennifer Brick Murtazashvili & Raufhon Salahodjaev, 2022. "Toward a Political Economy of the Commons," Books, Edward Elgar Publishing, number 20129.
    • Handle: RePEc:elg:eebook:20129
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