tragedy of the commons
Dutch disease – Theory in economics, the apparent causal relationship between the increase in the economic development of a specific sector (for example natural resources) and a decline in other sectors (like the manufacturing sector or agriculture). Overfishing – Removal of a species of fish from water at a rate that the species cannot replenish Panic buying – Unusual pattern of purchase, when consumers buy unusually large amounts of a product in anticipation of, or after, a disaster or perceived disaster, or in anticipation of an incredibly large price increase or shortage. Parasitism (social offense) – Crime of living at the expense of others Prisoner's dilemma – Standard example in game theory, wherein two parties may each act in an individually beneficial fashion to the detriment of both Stone Soup – European folk story, the inverse of the tragedy tyranny of small decisions – Economic phenomenon, a situation in which a number of decisions, individually small and insignificant in size and time perspective, cumulatively result in a larger and significant outcome which is neither optimal nor desired. Volunteer's dilemma – Game theory case weighing own/others' sacrifice, in which each player can either make a small sacrifice that benefits everybody, or instead wait in hope of benefiting from someone else's sacrifice Related concepts
enclosure – In England, appropriation of common land, depriving commoners of their ancient rights