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

Book Cover
Average Rating
Basic Books,
Pub. Date:
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.

More Details
Also in this Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

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

_version_ 1571100247469326336
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author Heller, Michael, 1962-
author-letter Heller, Michael,
author_additional Michael Heller.
author_display Heller, Michael
availability_toggle_arlington Available Now, Entire Collection
available_at_arlington Central
callnumber-a HB701
callnumber-first H - Social Science
callnumber-subject HB - Economic Theory and Demography
callnumber_sort_arlington 330.17 HELLE
collection_arlington Adult Nonfiction
date_added 2011-01-26T05:00:00Z
days_since_added 2341
detailed_location_arlington Central Adult Nonfiction
format_arlington Book
format_boost 10
format_category_arlington Books
grouping_category book
id bfa91950-2bdd-676c-141b-156ef3eb1022
isbn 9780465029167
item_details ils:.b13274077|.i13551231|Central Adult Nonfiction|330.17 HELLE|||1|false|false|||||On Shelf|Jan 03, 2013|can||
itype_arlington Hardback
language English
language_boost 10
language_boost_es 1
lexile_score -1
lib_boost_arlington 50
literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_arlington 330.17 HELLE
local_callnumber_exact_arlington 330.17 HELLE
local_callnumber_left_arlington 330.17 HELLE
local_days_since_added_arlington 2341
num_holdings 1
oclc (OCoLC)213600708
owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
owning_location_arlington Central
physical xvii, 259 p. : ill., map ; 25 cm.
popularity 4
primary_isbn 9780465029167
publishDate 2008
publishDateSort 2008
publisher Basic Books,
rating 2.5
rating_facet oneStar, twoStar
record_details ils:.b13274077|Book|Books||English|Basic Books,|c2008.|xvii, 259 p. : ill., map ; 25 cm.
recordtype grouped_work
scope_has_related_records a, arlington, c, d, g, h, o, p, s, u, v, w
scoping_details_arlington ils:.b13274077|.i13551231|On Shelf|On Shelf|false|true|true|false|false|true|999||
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