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3 Governing the commons fairly

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Deprived of the rich diversity of life, which is as much a source of material well-being as a reservoir of knowledge, we would become biologically impoverished but we would also erode intellectually. Our dependence on the natural world is therefore very real and it is because we do not understand it that we are blindly attacking ourselves when we brutalize it. We thus have to find ways to govern the world of which we have become the stewards. This starts by understanding the long perspective of the mutual history of social and natural systems and then moving to the practical ways to build robust human institutions to enjoy natural resources in a sustainable way.

The New Environmental Economics

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