The Gridlock Economy
How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives
by:
Michael Heller
in:
Economics
Summary:
The book examines the paradox where excessive ownership rights lead to underuse of resources, stifling innovation and economic growth. It explores how fragmented property rights create a "tragedy of the anticommons" where the inability to aggregate these rights prevents valuable assets from being efficiently utilized.
Key points:
1. Anticommons Tragedy: When many owners control one resource, nothing gets done due to needing everyone's agreement, leading to wasted resources.
Books similar to "The Gridlock Economy":
The Myth of Capitalism
Jonathan Tepper
Seventeen Contradictions and the End of Capitalism
David Harvey
How to Fix Copyright
William Patry
The Undercover Economist
Tim Harford
Radical Markets
Eric A. Posner|Eric Glen Weyl
The Bottom Billion
Paul Collier
Licence to be Bad
Jonathan Aldred
The Birth of Plenty
William J. Bernstein
The Great Reversal
Thomas Philippon
The Price of Fish
Ian Harris Michael Mainelli