The gridlock economy: how too much ownership wrecks markets, stops innovation, and costs lives

Book Cover
Average Rating
Publisher:
Basic Books,
Pub. Date:
c2008.
Language:
English
Description
25 new runways would eliminate most air travel delays in America. Why can’t we build them?50 patent owners are blocking a major drug maker from creating a cancer cure. Why won’t they get out of the way?90% of our broadcast spectrum sits idle while American cell phone service lags far behind Japan’s and Korea’s. Why are we wasting our airwaves?98% of African American–owned farms have been sold off over the last century. Why can’t we stop the loss? All these problems are really the same problem—one whose solution would jump-start innovation, release trillions in productivity, and help revive our slumping economy.

Every so often an idea comes along that transforms our understanding of how the world works. Michael Heller has discovered a market dynamic that no one knew existed. Usually, private ownership creates wealth, but too much ownership has the opposite effect—it creates gridlock. When too many people own pieces of one thing, whether a physical or intellectual resource, cooperation breaks down, wealth disappears, and everybody loses. Heller’s paradox is at the center ofThe Gridlock Economy. Today’s leading edge of innovation—in high tech, biomedicine, music, film, real estate—requires the assembly of separately owned resources. But gridlock is blocking economic growth all along the wealth creation frontier.

A thousand scholars have applied and verified Heller’s paradox. Now he takes readers on a lively tour of gridlock battlegrounds. Heller zips from medieval robber barons to modern-day broadcast spectrum squatters; from Mississippi courts selling African-American family farms to troubling New York City land confiscations; and from Chesapeake Bay oyster pirates to today’s gene patent and music mash-up outlaws. Each tale offers insights into how to spot gridlock in operation and how we can overcome it.

The Gridlock Economy is a startling, accessible biography of an idea. Nothing is inevitable about gridlock. It results from choices we make about how to control the resources we value most. We can unlock the grid; this book shows us where to start.

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ISBN:
9780465029167
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Grouping Information

Grouped Work ID bfa91950-2bdd-676c-141b-156ef3eb1022
full_title gridlock economy how too much ownership wrecks markets stops innovation and costs lives
author heller michael
grouping_category book
lastUpdate 2017-06-24 11:04:03AM

Solr Details

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author Heller, Michael, 1962-
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owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
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physical xvii, 259 p. : ill., map ; 25 cm.
popularity 4
primary_isbn 9780465029167
publishDate 2008
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publisher Basic Books,
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subject_facet Right of property, Transaction costs
table_of_contents The tragedy of the anticommons -- Welcome to the lexicon -- Where are the cures? -- You can't hear me now -- Block parties, share croppers, and banana republics -- Empty Moscow storefronts -- The world is mine oyster -- A solutions toolkit.
target_audience Adult
target_audience_full Adult
title The gridlock economy : how too much ownership wrecks markets, stops innovation, and costs lives
title_display The gridlock economy : how too much ownership wrecks markets, stops innovation, and costs lives
title_full The gridlock economy : how too much ownership wrecks markets, stops innovation, and costs lives / Michael Heller
title_short The gridlock economy :
title_sort gridlock economy how too much ownership wrecks markets, stops innovation, and costs lives
title_sub how too much ownership wrecks markets, stops innovation, and costs lives