What is the Tragedy of the Commons? | WITH EXAMPLES | Think Econ

In this video, we explore one of the most important concepts in environmental science and economics: the Tragedy of the Commons. Coined by ecologist Garrett Hardin in 1968, this term describes a situation where individual users, acting in their own self-interest, deplete or spoil shared resources, even though it's not in anyone's long-term interest for this to happen.
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[@owenthomas3621]

Great video

[@ThinkEcon]

Thanks!

[@sof185]

Love the cow example

[@alian1250]

yay