Externalities and Tragedy of the Commons
No study of the tragedy of the commons would be complete without learning about the insightful work of Elinor Ostrom, the first woman to win the Nobel Prize in economics.
FREE Media Picks
Here are the latest selections from Texas teachers.
Check back often for new resources.
1. Are we under eating sea urchins? – NPR, 3 minute listen
This group thinks that markets can help solve the tragedy of the commons problem that is destroying California’s kelp forests.
2. Unobstructed – US Bank, 30 second commercial
This humorous commercial illustrates externalities and the most common way of resolving them – negotiation!
