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  The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives (Hardcover)
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Published: July 2008
ISBN: 0465029167, 9780465029167
Format Hardcover
Publisher: Basic Books
Carton Quantity: 28
(Minimum order):  25

Availability:: Usually Ships in 24 to 72 Hours
Product Code: 9780465029167

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Description
 
25 new runways would eliminate most air travel delays in America. Why can\u2019t we build them? 50 patent owners are blocking a major drug maker from creating a cancer cure. Why won\u2019t they get out of the way? 90% of our broadcast spectrum sits idle while American cell phone service lags far behind Japan\u2019s and Korea\u2019s. Why are we wasting our airwaves? 98% of African American–owned farms have been sold off over the last century. Why can\u2019t 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\u2019s paradox is at the center of The Gridlock Economy. Today\u2019s 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\u2019s 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\u2019s 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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