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traged
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There are 6 letters in TRAGED ( A1D2E1G2R1T1 )
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Definitions of traged in various dictionaries:
TRAGED - The tragedy of the commons is a term used in social science to describe a situation in a shared-resource system where individual users acting indepen...
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The tragedy of the commons is a term used in social science to describe a situation in a shared-resource system where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling that resource through their collective action. The concept and phrase originated in an essay written in 1833 by the British economist William Forster Lloyd, who used a hypothetical example of the effects of unregulated grazing on common land (also known as a "common") in the British Isles. The concept became widely known over a century later due to an article written by the American ecologist and philosopher Garrett Hardin in 1968. In this modern economic context, commons is taken to mean any shared and unregulated resource such as atmosphere, oceans, rivers, fish stocks, or even an office refrigerator. * It has been argued that the very term 'tragedy of the Commons' is a misnomer, since 'the commons' referred to land resources with rights jointly owned by members of a community, and no individual outside the community had any access to the resource. However, the term is now used in social science and economics when describing a problem where all individuals have equal and open access to a resource. Hence, 'tragedy of open access regimes' or simply 'the open access problem' are more apt terms.The 'tragedy of the commons' is often cited in connection with sustainable development, meshing economic growth and environmental protection, as well as in the debate over global warming. It has also been used in analyzing behavior in the fields of economics, evolutionary psychology, anthropology, game theory, politics, taxation and sociology. * Although common resource systems have been known to collapse due to overuse (such as in over-fishing), many examples have existed and still do exist where members of a community with access to a common resource co-operate or regulate to exploit those resources prudently without collapse. Elinor Ostrom was awarded the Nobel Prize in economics for demonstrating exactly this concept in her book Governing the Commons, which included examples of how local communities were able to do this without top-down regulations. |