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Property, Markets, and the EnvironmentAtlas 7th Annual Liberty ForumPhiladelphiaApril 25, 2007 Bobby McCormick Professor and BBT Scholar John Walker Department of Economics Clemson University Senior Fellow PERC Bozeman MT The Tragedy of the Commons The Tragedy of the Commons, Garrett Hardin, Science, 162(1968):1243-1248. Whitehead said (A. N. Whitehead, Science and the Modern World (Mentor, New York, 1948, p. 17). The essence of dramatic tragedy is not unhappiness. It resides in the solemnity of the remorseless working of things.“ “Freedom in a commons brings ruin to all.” * So how