06 June 2007

Ecological Economics and the Commons

Heavy but important stuff here:

some resources should be part of the commons because their physical attributes mean that common ownership and democratic allocation will be more sustainable, just and efficient than private ownership and market allocation. Information, which will play a critical role in solving the serious ecological problems we currently face, is one of those resources. So too are most ecosystem services. The fact is that conventional markets based on private property rights do not work to solve the macro-allocation problem, which in recent decades has become far more important than the micro-allocation problem. Solving this problem instead requires a system based on common property rights and democratic decision making concerning the desirable provision of ecosystem services.

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