Wednesday, September 17, 2008

The tragedy of commons and uncommons

The question about ownership and incitement for innovation has turned out to be very difficult and tricky questions in recent times. I think it is important here to not lock oneself into a corner in the discussion. Instead one should try to discuss the matter out of many different angles and perspectives.

Here is a one hour excellent lecture from the author of the book Gridlock economy – Prof. M. Heller. I think that he states the problems quiet clear.

When too many people own the same ting nobody can use it.
Private ownership creates wealth.
Too much ownership has the opposite effect, creates less wealth. This is the Gridlock paradox.

See also Paul Kedrosky's piece on this. He also presents good links for further reading.

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