The Real Tragedy of the Commons – Garrett Hardin (1968) Revised

• Autorzy: Brunnhuber Stefan

Identyfikatory

DOI

10.35784/pe.2022.2.02

Warianty tytułu

PL

Tragedia wspólnego pastwiska – Garrett Hardin (1968) zaktualizowany

• Języki publikacji: EN

Abstrakty

EN

Garrett Hardin’s seminal 1968 paper describes the tragedy of the commons in terms of common goods being neglected or overused. His theory has been widely adopted. However, it refers only to a special case, when inadequate public goods have to compete with the maximisation of private yield. The real tragedy of the commons is not that it is overused or neglected, nor is it any free-rider and spillover effects it gives rise to, but rather the underlying financial incentives and disincentives that prevent an adequate supply. Consequently, the misalignment between our current monetary system and the global commons has led to the latter’s erosion and partial destruction. Introducing a new monetary and fiscal policy of strategic triangulation can provide an adequate tool to finance our commons. With their ongoing central bank digital currency (CBDC) initiatives, regulators and central banks can offer a direct monetary mechanism to overcome this tragedy of the commons.

Słowa kluczowe

EN

financing the commons; new financial engineering; fiscal and monetary policy; CBDC; strategic triangulation

PL

finansowanie wspólnego pastwiska; nowa inżynieria finansowa; polityka fiskalna i monetarna; CBDC; triangulacja strategiczna

• Wydawca: Lublin University of Technology
• Czasopismo: Problemy Ekorozwoju
• Rocznik: 2022
• Tom: Vol. 17, nr 2
• Strony: 19--23
• Opis fizyczny: Bibliogr. 20 poz., fig., tab.

Twórcy

autor

Brunnhuber Stefan

• University of Mittweida, Germany

Bibliografia

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Uwagi

Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).