November 18, 2008
Posted by lokman
the tragedy of the anti-commons and the gridlock economy
When too many people own a resource, the resource will be underused. Cooperation will break down, wealth will be lost. That is today’s message of Michael Heller who is at Berkman to talk about his new book, the Gridlock Economy.
Explaining the economic meltdown as an example of a gridlock economy, he suggests that in the [...]