EC4#Week 2

2. Natural commons

It is becoming increasingly obvious that everything around us comes from the natural commons; an immediate example is the air we breathe, along with the trees which keep air breathable. Mainstream economics includes this as an aspect of ‘land’ but then usually treats it as an externality and hence free to use or abuse. How can economic and business activities view the natural commons as shared bounty for all life-forms today and tomorrow?