STSO 120- Midterm Exam Guide - Comprehensive Notes for the exam ( 17 pages long!)
13 Oct 2017
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Boston commons: big field in the middle of city shared by farmers. People would maintian these so everyone could benefit from the ldn: tragedy of commons. Parable about the conflict between the common good and self-interest. If everyone has open access to a resource: Selfish individuals make more money, but the resources are depleted much faster. Fishermen who take smaller fish which are not fully grown, end up destroying the resource for everyone else. This tragedy is inveitable; because poeple always act in best self-interest: rational actor theory: People are fundamentally selfish according to this theory; this isn"t always true though: examples: ranching, beaver pelts, today: water and air pollution, hardin"s solution to tragedy of commons. Community governance: social pressure that prevents selfish indvidual actions, example: public outcry after trump withdrew from. I(cid:374) the past, fe(cid:374)(cid:272)e (cid:448)ie(cid:449)e(cid:396)s (cid:449)ould a(cid:396)(cid:271)it(cid:396)ate (cid:271)et(cid:449)ee(cid:374) (cid:374)eigh(cid:271)o(cid:396)s (cid:449)ho had sheepi(cid:374)(cid:448)adi(cid:374)g thei(cid:396) pastu(cid:396)e f(cid:396)o(cid:373) the adja(cid:272)e(cid:374)t p(cid:396)ope(cid:396)t(cid:455) E(cid:454)a(cid:373)ple: bp oil spill (cid:449)hi(cid:272)h de(cid:448)asted the gulf.
