The Investor's Shelf — one book
Living Within Limits

Living Within Limits

Garrett Hardin
1993
T4 339 pages · about 5h 39m to read OL2725530Wgoodreads

By the author of the commons essay; population and carrying capacity

Summary

Hardin, an ecologist best known for the 1968 essay on the tragedy of the commons, argues that human population and consumption face physical limits, that economic reasoning systematically ignores them, and that the failure to address this produces the outcomes he describes.

His analytical core is carrying capacity, meaning the population an environment can sustain indefinitely, and his argument that exceeding it degrades the environment's capacity permanently rather than producing a temporary shortfall. He is hostile to what he calls the perpetual growth assumption embedded in economics, and argues that exponential growth in a finite system has only one outcome regardless of the rate.

His treatment of the commons is developed further here than in the original essay. He argues that a resource open to all will be degraded because each user captures the full benefit of additional use while bearing only a share of the cost, and that the solutions available are either private ownership or what he calls mutual coercion mutually agreed upon.

The book's most controversial material concerns population and immigration. Hardin argues against food aid on the grounds that it raises population beyond carrying capacity, and against immigration on similar grounds, and his lifeboat ethics essay makes the argument explicitly. These positions have been condemned widely, and Hardin's association with anti-immigration and eugenic organisations is documented. Elinor Ostrom's work showed that communities regularly manage common resources successfully through local institutions, which directly contradicts Hardin's claim that only privatisation or coercion is available. Readers should engage with the carrying capacity argument and should be aware of what the author attached to it.

Key takeaways 8

  1. Exponential growth in a finite system has only one outcome regardless of the rate, which is the argument Hardin applies throughout.
  2. Carrying capacity, meaning the population an environment sustains indefinitely, can be exceeded temporarily at the cost of permanently degrading it.
  3. A resource open to all is degraded because each user captures the full benefit of additional use while bearing only a share of the cost.
  4. Economic reasoning embeds a perpetual growth assumption that has no physical justification.
  5. Technological solutions to resource constraints postpone rather than remove the underlying arithmetic, which Hardin treats as the recurring error.
  6. Hardin argues that only private ownership or coercive collective rules can prevent the degradation of a common resource.
  7. His positions against food aid and immigration follow from the carrying capacity argument and have been widely condemned.
  8. Ostrom's research showed that communities manage common resources successfully through local institutions, which contradicts his claim about the available solutions.

Who should read it

Readers engaging with resource constraint arguments who want the fullest statement of the carrying capacity position, aware of what its author attached to it.

Where it sits in the reference 2

Philosophy
Mental models

Who recommended it 3 · 2 direct

Poor Charlie's Almanack recommended reading
Chai with Pabrai bookshelf — Unorganized, yet Interesting
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