Social Engineering in Georgia

After reading Economic Insight 3.1 on page 43, please comment on the the following: What was the primary purpose for the founding of the Georgia colony?  What were the biggest economic challenges?  What can we learn from this experiment in government social engineering?  (Should government subsidize desired economic activity?)  Please post your comments here or send me an email.

Tragedy of the Commons

Please read Perspective 3.1 on page 50 of the text regarding hunters and the depletion of the beaver population.  What was the primary cause of the depletion?  What other resources have experienced similar results?  What is the best way to prevent overuse of other common resources?  Post your responses here or by email to me.