Question

Consider the article Tragedy of the Commons. How confident is Professor Hardin that Adam Smith’s metaphor of the invisible hand can be relied upon to prevent a population catastrophe?

Answer 1

Hardin accepted that Smith's metaphor of an invisible hand was adding to "the predominant inclination of felt that has as far back as meddled with positive activity dependent on rational analysis, specifically the propensity to expect that choices came to exclusively will, truth be told, be the best choices for a whole society. On the off chance that this right supposition it legitimizes the continuation of our present arrangement of laissez-faire in production." As the paper makes copiously clear, Hardin is persuaded that "rational analysis" will demonstrate that Smith's invisible hand prompts unavoidable populace ruin.