Books by Michael Heller, David G. Victor, Thomas C. Heller, Michael Heller
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The gridlock economy
The Gridlock Economy
(2008-07-06)
How many popular economics books offer a message which is (mostly) true, non-trivial, and understandable? Michael Heller’s The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives satisfies that troika. The key message is that the "tragedy of the anti-commons" is often a bigger problem than the better-known tragedy of the commons. The tragedy of the anti-commons arises when too many veto rights are exercised. Here is one simple example: