> Incidentally, “tragedy of the commons” is one of those things like “inventing money because barter is inefficient” that exists in the lore of economists but doesn’t seem to exist in the real world.
Could you elaborate on how "'inventing money because barter is inefficient' doesn't seem to exist in the real world"? The idea that barter's inefficiency drives demand for money seems to me to be self-evidently true, so I'd be interested to hear a different perspective.
Could you elaborate on how "'inventing money because barter is inefficient' doesn't seem to exist in the real world"? The idea that barter's inefficiency drives demand for money seems to me to be self-evidently true, so I'd be interested to hear a different perspective.