Should we be Increasing the Price of Water to Promote Less Water Use?

The price of potable water is a contentious issue. From a purely economic point of view using the supply and demand principles, water scarcity should herald higher water prices in order for the cost to reflect the water shortage. When people have to pay a premium price for a product, they tend to value it…

Promoting change for the public good: rainwater tanks and sustainable farming

The tragedy of the commons is a well-known theory by Garrett Hardin, in which people acting individually in their own self-interest exploit a common resource to the detriment of the whole group. It’s a concept that has commonly been used when discussing sustainable development, and continues to be relevant today. Both of our project topics discuss…