Factoid/2003/12/11
From Beachapedia
< Beachapedia:Factoid | 2003 | 12
Individual Gain at the Public Expense
- "It is a truism that rational individual decisions, actions that are privately optimal, can produce undesirable outcomes for society as a whole. This phenomenon is obvious at the shore. Rational people making rational economic decisions have crowded the coast [with oceanfront homes and structures] to the point that its value as a resource, for them and for society at large, is reduced." - excerpt from the book, Against the Tide: The Battle for America's Beaches, by Cornelia Dean, Columbia University Press, 1999, pg. 204.
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