Wednesday, 8 June 2011

Economic Growth & Adam Smith's 'Invisible Hand'

Each man is locked into a system that compels him to increase his herd without limit — in a world that is limited.  Ruin is the destination toward which all men rush, each pursuing his own best interest in a society that believes in the freedom of the commons.  Freedom in the commons brings ruin to all.
 — Garrett Hardin 'The Tragedy Of The Commons'