1. FOCUS: LOGICAL FALLACIES ECONOMICS: The Tragedy of the Commons

2. The Fallacy of Composition The logical fallacy of arguing that – what is true for the parts – is also true for the whole. In the study of economics, this takes the form of assuming that – what works for parts of the economy, such as households or businesses, – also works for the aggregate, or macroeconomy. The contrasting fallacy is the fallacy of division.

3. The Fallacy of Division The logical fallacy of arguing that – what is true for the whole – is also true for the parts. In the study of economics, this takes the form of assuming that – what works for the aggregate, or macroeconomy, – also works for parts of the economy, such as households or businesses. The contrasting fallacy is the fallacy of composition.

4. The Tragedy of the Commons THE TRAGEDY OF THE BUNNIES http://www.bunnygame.org/ THE TRAGEDY OF THE COMMONS GAME http://www.uoregon.edu/~rmitchel/commons /index.htm http://www.uoregon.edu/~rmitchel/commons /index.htm